New report reveals how much San Antonio home prices rose in the past decade
In the past decade, every Texas metro area saw its home prices soar. But of the state’s four major metros, San Antonio home prices rose the least in a 10-year span.
A new report from the Texas Association of Realtors reviews home-selling activity across the state during the previous 10 years (2011 through 2020).
The San Antonio area saw the median home price rise 65 percent from 2011 ($150,681) to 2020 ($249,000), the least of Texas’ major cities for the period.
Elsewhere in Texas, Austin witnessed a massive 82 percent bump in the median home price from 2011 ($189,000) to 2020 ($343,914), the report shows, with the Capital City being the only metro where the median home price broke the $300,000 mark. While no other Texas metro reached that level last year, oil-rich Midland came the closest ($299,000).
When it comes to homebuyers experiencing the greatest sticker shock from 2011 to 2020, that dubious honor went to the north Texas area of Sherman-Denison, where the median home price jumped 130 percent from 2011 ($87,000) to 2020 ($200,000).
In Dallas-Fort Worth, the median home price skyrocketed 94 percent from 2011 ($149,900) to 2020 ($291,000). The Houston area notched a more moderate increase, 68 percent, in the median home price from 2011 ($154,500) to 2020 ($260,000).
Three-fourths of homes sold around the state in the past decade were located in the San Antonio, Austin, Dallas-Fort Worth, and Houston metro areas, according to the report. Dallas-Fort Worth topped the list, with 923,528 homes sold from 2011 through 2020, followed by Houston (811,105), Austin (315,946), and San Antonio (292,322).
Across Texas, the median home price shot up 76 percent from 2011 ($146,988) to 2020 ($259,188), and more than 3 million homes were sold.
“We’ve had a dynamic real estate market in Texas over the past decade,” Marvin Jolly, chairman of the Texas Association of Realtors, says in an August 5 news release. “Some of the factors that have affected real estate transactions and property ownership include significant population growth, natural disasters big and small, new-home technologies, and, of course, the pandemic.”