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.
