Real Estate Report
San Antonio's average home price inches closer to $400,000 in new report

San Antonio home prices continued their month-over-month climb once again, reaching new peaks in April 2022.
The latest report from the San Antonio Board of Realtors puts the local median home price at $338,700 for April, up almost 4 percent from the March 2022 figure of $326,500, and up 23 percent from a year ago.
SABOR says the area's average home price topped out at $395,847 last month, representing a 20 percent year-over-year increase and a jump of almost 6 percent from the previous month ($374,168).
“As the year progresses, we continue to see an increase in average and median home prices in the San Antonio area,” Tracie Hasslocher, SABOR 2022 chairman, says in a release, noting that the price per square foot increased by 23 percent from April 2021.
At the county level, Bexar County's median home price increased 18.5 percent year-over-year to $314,000, while the average home price grew by 16.4 percent year-over-year to $364,275. Still, the San Antonio area provides an affordable alternative to nearby Austin and Travis County, which recorded median home prices of $640,000 and $620,000, respectively, in April.
SABOR notes that local homes spent 31 days on the market last month, one week less than a year ago. Currently, the local housing market boasts 1.4 months of inventory for prospective buyers.

The property is set among open and wooded acreage in East Texas. Photo courtesy of Compass 







