September San Antonio Housing Market Report

Home sales in the San Antonio area continue to move steadily for this time of year. According to the San Antonio Board of Realtors, September reported 3,651 homes sold, which is no change from this same month last year. Average and median sales prices increased 15%, with the average price of a home at $351,379 and a median price of a home at $296,900.

The month ended with 1.8 months of inventory available, indicating a continued sellers’ market.

San Antonio is considered a seller’s market because the demand exceeds the supply.  In order to be a balanced market, the demand from buyers is equal to the supply from sellers. In this ideal situation, homes are normally sold around the list price and there are enough homes for buyers to compare their options.

“Typically, homes are selling within 27 days,” says SABOR’s 2021 Chairman of the Board Cher Miculka. “September reported over 6,000 active listings and 3,808 new listings.”

SABOR also reported that the majority of homes sold in September still fell in the mid-range of $200,000 to $500,000, with those homes making up almost 73%of the market. Another 13.39% of the market were homes priced under $200,000 and the market over $500,000 made up the remaining 13.59% of sales.

San Antonio remains an affordable option in comparison to other major cities in Texas. There were 34,424 homes sold in Texas last month, with a slight decrease of 1.4 percent from 2020. The state average increased 15.7 percent to $380,170 while the median rose 16.5 percent to $311,000. The state reported just 1.6 months of inventory available.

Overall, the housing market is remaining strong and steady. While it’s a sellers’ market, Miculka says that there are still a lot of properties available for buyers. 

If you’re a buyer, now is the time to take advantage of the slower pace this season brings. Check out our current listings to view homes in your desired neighborhood.

If you’re a seller, now is still the ideal time to put your home on the market. Use our estimator tool to see what your home is worth.

Whether you are buying or selling, you’ll need an experienced agent by your side to help you navigate the market. Our team of top Austin REALTORS® average 10 years of experience and sells more homes than average.