San Antonio Housing Market: Trends & Prices

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    San Antonio Real Estate Market Overview

    (Last Updated – 12/2021)

    Voted the 75th best place to live in the United States and the fourth 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 1.43 million residents, according to the latest census data. The cost of living in San Antonio comes in at roughly 7.5% below the national average, and median home prices come in well below the national median.

    Recommended: Cost of Living in Texas (2022)

    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.

    $279,240

    Median Sale Price

    $149

    Avg. Price Per Square Ft.

    20 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.

    While San Antonio housing prices have gone up over 18% compared with last year and 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.

    Housing market forecast chart

    *Graph taken from Zillow as of 10/2021

    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: $52,455

    Median Age: 33.6

    College Educated: 26%

    Homeowners: 53.9%

    Married: 43.7%

    Olmos 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:

    1,832

    Median Age:

    43

    Housing Units:

    788

    Bike Score:

    51

    Walk Score:

    49

    Transit Score:

    45

    Average Household Income:

    $303,600

    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 3% under their list price, but some receive multiple offers.

    Nonetheless, homes in Olmos Park spend around 36 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

    $1,070,000

    Average Price Per Square Ft.

    $283


    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:

    17,355

    Median Age:

    36

    Housing Units:

    7,602

    Bike Score:

    64

    Walk Score:

    75

    Transit Score:

    82

    Average Household Income:

    $55,908

    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 56 days.


    Median Sale Price

    $339,000

    Average Price Per Square Ft.

    $348


    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:

    5,371

    Median Age:

    37.9

    Housing Units:

    1,871

    Bike Score:

    51

    Walk Score:

    64

    Transit Score:

    41

    Average Household Income:

    $249,804

    Terrell Heights Housing Market

    Homes for sale in Terrell Heights typically receive multiple offers, stay on the market for an average of 25 days, and sell for around 2% below list price.

    Prospective homebuyers may want to consider moving quickly if they find a home they love.


    Median Sale Price

    $345,000

    Average Price Per Square Ft.

    $246


    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:

    60,927

    Median Age:

    32.1

    Housing Units:

    26,115

    Bike Score:

    37

    Walk Score:

    26

    Transit Score:

    32

    Average Household Income:

    $70,668

    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

    $385,000

    Average Price Per Square Ft.

    $138


    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:

    11,453

    Median Age:

    35.1

    Housing Units:

    4,581

    Bike Score:

    64

    Walk Score:

    67

    Transit Score:

    55

    Average Household Income:

    $48,240

    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 41 days and sell for roughly 1% below list price.


    Median Sale Price

    $314,000

    Average Price Per Square Ft.

    $216



    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.

    Learn More


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