A little relief for homebuyers
San Antonio sees slight dip in median home price, new report says
The median price of a home in the San Antonio area dipped ever so slightly from December to January.
According to a new report from the San Antonio Board of Realtors, the region’s median home price stood at $304,700 in January. While that was up 18 percent from January 2021 (when the median home price stood at $257,500), it was down 2 percent from the previous month’s price of $311,000.
“2022 is starting with a bang, with 99.5 percent of homes closing at list price and the average home sitting on the market for 35 days,” Tracie Hasslocher, SABoR’s 2022 board chairwoman, says in a news release.
“We only saw a slight decrease in total sales but saw an increase in the number of pending sales at the close of the month,” she continues.
In Bexar County, the median home price reached $287,950 in January, up 17.5 percent from a year earlier but down 2.4 percent from the previous month, SABoR says.
Throughout the region last month, 2,521 homes were sold, down 1 percent from January 2021, according to SABoR.