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San Antonio, Texas – for the month of October, the San Antonio Board of REALTORS® Multiple Listing Service (MLS) shows the average price of properties held steady with a year-on-year change of 0%, resting at $379,206. Similarly, the median price remained consistent at $319,420, demonstrating stability in the market values. The average residential rental stands at $1,822, maintaining its competitive edge within the region. Despite a marginal 1% decrease year-on-year, the price per square foot remains attractive at $180. Properties stayed on the market for an average of 66 days, marking a notable 47% increase from the previous year.
“The market is characterized by 4.4 months of inventory, reflecting a balanced but slightly increased supply,” said Sara Briseño Gerrish, SABOR's 2023 Chair of the Board. “Moreover, with 93.5% close to the original list price, it indicates a continued alignment between listing and selling prices.”
In Bexar County, October numbers reveal a market holding its ground amidst changing trends. Despite an 11.4% year-onyear decrease in total sales, stability prevails in critical pricing aspects. The average price edges up by 0.5% to $351,562, while the median price sees a slight 0.5% decline, resting at $300,000. In comparison, Travis County reported a median price of $540,000, Harris County $320,000 and Dallas County at $365,000.
In October, the Texas housing market showcased its adaptability amidst evolving trends, maintaining a solid foundation despite a 6.3% decrease in total sales. The market reflects stability in pricing with a 1.9% increase in the average price, now at $416,127, while the median price witnesses a marginal 0.9% decrease, resting at $335,000. Additionally, the price per square foot experiences a slight 0.7% year-on-year increase, settling at $187. With properties spending an average of 52 days on the market and boasting an impressive 94.7% closeness to the original list price, the Texas housing sector remains robust.
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