San Antonio Real Estate Market Sees Steady Growth in March 2024

The latest Multiple Listing Service (MLS) report from the San Antonio Board of REALTORS® (SABOR) reveals encouraging trends in the local real estate market for March 2024. A total of 3,244 homes were sold in March, representing a notable 3% increase compared to 2023. The average home price saw a 2% uptick, reaching $370,824, while the median price remained unchanged at $310,223. The average residential rental price stood at $1,820, maintaining stability in the rental market.

“The average number of days on the market increased by 7% to 79 days, suggesting a slightly longer selling period for properties, compared to March 2023,” said Will Curtis, SABOR's 2024 Chair of the Board. “The months of inventory remained balanced at 4.4, providing a healthy market environment for buyers and sellers alike. New listings surged by 14% to 4,606, while active listings saw a significant 35% increase to 12,495, indicating robust market activity and ample options for buyers.”

While there was a slight decrease of 5.8% in total sales statewide, both average and median prices saw increases. The average price rose by 3.9% to $420,572, and the median price increased by 1.8% to $339,990. Median prices varied across the major counties in Texas with Bexar County at $299,950, Travis County at $545,000, Harris County at $323,000, and Dallas County at $379,995.