San Antonio Housing Market: Trends & Prices
San Antonio Real Estate Market Overview
(Last Updated – 7/2023)
Voted the second best place to live in Texas by U.S. News & World Report, San Antonio offers the best of both worlds. Whether residents are looking for big-city amenities or want to spend their days in a relaxed and inviting atmosphere, San Antonio can deliver.
San Antonio may be taught in school as the home of the Alamo, but it’s also home to famous theme parks, theater and music venues, sports arenas, and over 1.47 million residents, according to the latest census data from 2022. The cost of living in San Antonio comes in at roughly 8% below the national average, and median home prices come in well below the national median.
Recommended: Cost of Living in Texas (2023)
By the way, San Antonio has around 220 sunny days every year, and only 14 days or so of freezing temperatures. So stock up on some sunscreen and discover more helpful facts about the San Antonio housing market.
Overall San Antonio Market Trends
According to the real estate pros at Redfin, who size up national and local housing market trends, San Antonio has a somewhat competitive market. Some homes in this area receive multiple offers, and qualified buyers can typically snag one for around 2% below list price.
San Antonio properties generally sell in about 34 days, so homebuyers may not have to move too quickly to find a good deal.
Recommended: First-Time Homebuyer’s Guide$288,000
Median Sale Price
$166
Avg. Price Per Square Ft.
34 days
Avg. Time on Market
San Antonio Housing Market Forecast
For those looking to grab their Texas dream home at a discount, San Antonio may have some appealing options.
San Antonio housing prices went down by 3% in May 2023 compared with last year, but the area is still a seller’s market. Real estate experts report that homes in San Antonio remain cheaper than in other areas of the state.
Demographics of the San Antonio Market
San Antonio is a city with deep historical roots but isn’t afraid to modernize, making it an ideal place to call home for singles, families, students, and career ladder climbers.
Take a peek at the demographics of the San Antonio real estate market for a broader look at the city.
Median Income: $55,084
Median Age: 33.9
College Educated: 27.3%
Homeowners: 52.3%
Married: 44.6%
Popular San Antonio Neighborhoods
Ranging from undeniably modern to richly historic, the housing market in San Antonio is a diverse one with many charming neighborhoods to choose from.
Some neighborhoods prioritize arts and culture; others are at the top of their game in the medical industry or other business.
Recommended: Price-to-Rent Ratio in 50 CitiesOlmos Park
Olmos Park prides itself on being a friendly enclave with a bustling business district.
Actually a small city surrounded by San Antonio, Olmos Park loves to host major social events throughout the year for occasions like the Fourth of July. Families will feel right at home in this tiny affluent niche.
Quick Facts
Population:
2,432
Median Age:
44.3
Housing Units:
1,112
Bike Score:
51/100
Walk Score:
48/100
Transit Score:
42/100
Average Household Income:
$319,090
Olmos Park Housing Market
Homebuyers with their eyes on Olmos Park may feel like they’re a little late to the rodeo, as this neighborhood has become somewhat competitive. Typically, homes in this area sell for about 2% under their list price, but some receive multiple offers.
Nonetheless, homes in Olmos Park spend around 43 days on the market, so buyers still have a bit of breathing room when deciding where they want to put down roots.
Median Sale Price
$952,000
Average Price Per Square Ft.
$334
Downtown
The world-famous River Walk may be the most popular attraction in Downtown San Antonio, but this neighborhood also offers museums, theaters, schools, and historic sites such as the Alamo (one of the city’s five missions).
There are also great restaurants and shops to enjoy, as well as superb housing options to be uncovered.
Quick Facts
Population:
16,489
Median Age:
35
Housing Units:
8,348
Bike Score:
64/100
Walk Score:
82/100
Transit Score:
77/100
Average Household Income:
$57,522
Downtown Housing Market
For those thinking about heading Downtown, it’s worth noting that the housing market in this neighborhood is not considered to be very competitive.
This is good news for buyers, as it’s considered rare for a home for sale to receive multiple offers, and many sit on the market for around 109 days.
Median Sale Price
$515,000
Average Price Per Square Ft.
$386
Terrell Heights
Terrell Heights features lush landscapes, intimate parks, and mature trees that lend a peaceful feel to this neighborhood.
For those looking for an escape from the hustle and bustle of San Antonio, Terrell Heights can offer a reprieve.
Quick Facts
Population:
5,047
Median Age:
40.2
Housing Units:
1,807
Bike Score:
50/100
Walk Score:
65/100
Transit Score:
37/100
Average Household Income:
$258,502
Terrell Heights Housing Market
Some homes for sale in Terrell Heights receive multiple offers, stay on the market for an average of 26 days, and sell for around 4% below list price.
Prospective homebuyers may want to consider moving quickly if they find a home they love.
Median Sale Price
$382,000
Average Price Per Square Ft.
$297
Oakland Estates
Real estate experts consider Oakland Estates to be a great place for a first time home buyer in Texas to consider. With top-notch education, entertainment, dining, and shopping options, Oakland Estates has many things busy professionals and families are looking for.
Quick Facts
Population:
56,810
Median Age:
31.7
Housing Units:
26,856
Bike Score:
37/100
Walk Score:
27/100
Transit Score:
28/100
Average Household Income:
$74,787
Oakland Estates Housing Market
The Oakland Estates housing market is somewhat competitive and could keep buyers on their toes. Some homes in the area receive multiple offers and sell in an average of 46 days.
That said, there could be room for negotiation, as on average, homes in this area sell for about 2% below their list price.
Median Sale Price
$400,000
Average Price Per Square Ft.
$208
Dignowity Hill
Dignowity Hill is known for being San Antonio’s first exclusive residential suburb, but it’s also popular with locals because of its gorgeous large estates and proximity to downtown.
Small Folk Victorian-style houses and a historic park add to the charm of this beloved San Antonio neighborhood.
Quick Facts
Population:
10,390
Median Age:
38.2
Housing Units:
4,989
Bike Score:
64/100
Walk Score:
67/100
Transit Score:
50/100
Average Household Income:
$61,093
Dignowity Hill Housing Market
Redfin rates Dignowity Hill as “not very competitive” and reports that it’s rare for homes in this market to receive multiple offers. That’s good news for buyers who aren’t fans of a rushed purchase process.
On average, listed homes in Dignowity Hill stay on the market for 58 days and sell for roughly 1% below list price.
Median Sale Price
$383,000
Average Price Per Square Ft.
$233
SoFi Home Loans
It’s easy to see why San Antonio has become such a popular market to buy a home in. There are some really amazing neighborhoods to choose from whether you’re young and single or have a family to look after.
If you think San Antonio could be your home sweet home, then you may need to consider your mortgage financing options.
If you’re buying a home or refinancing an existing mortgage, SoFi can help you make the process as quick and painless as possible.
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