Is San Antonio South, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Antonio South is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, San Antonio South was a Seller's Market.

Key Takeaway

San Antonio South is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in San Antonio South, TX

How much do homes in San Antonio South, TX cost?

Median Sold Price

$264,999

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$7,263(-2.7%)

Key Takeaway

Homes in San Antonio South have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in San Antonio South was $264,999 in May 2024, down 2.7% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $174.9K-
N/A
2 $180K$197.5K
+9.7%
3 $255K$253.4K
-0.6%
4 $299.4K$286.9K
-4.2%
5+ $328.9K$334.9K
+1.8%

Summary: San Antonio South housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Cities

San Antonio Central
+3.1%
Von Ormy
-1.8%
San Antonio South
-2.7%

Housing Supply in San Antonio South, TX

How many homes are available in San Antonio South, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
219236+7.8%

Summary: The San Antonio South real estate market had 236 homes for sale in May 2024, a 7.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 1712
-29.4%
3 123135
+9.8%
4 6771
+6.0%
5+ 1217
+41.7%

Summary: The San Antonio South housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 29.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 41.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4436-18.2%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Antonio South, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in San Antonio South in May 2024, down by 18.2% month-over-month. Of the 36 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.

Days on Market for San Antonio South, TX

How long does it take to sell a home in San Antonio South, TX?

Average Sale Time

May 2023May 2024CHANGE
74 Days76 Days+3.3%

Summary: Homes in San Antonio South had an average of 76 days on market in May 2024, up by 3.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in San Antonio South are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 36 homes were sold in San Antonio South; 36% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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