The median sale price for a home in the San Antonio metro area is creeping closer to the $300,000 mark.
The San Antonio Board of Realtors reported September 15 that the median sale price of a home in the region hit $298,200 in August, up 16 percent from the same time last year ($257,900) and up 25 percent from two years ago ($238,400).
Still, the area’s median sale price remains below the median statewide price. Across Texas, the median sale price stood at $315,000 in August, up 17.5 percent from a year earlier ($269,000).
In August 2021, the average sale price for a home in the San Antonio area was even higher, at $353,662, a 19 percent increase from the August 2020 average sale price of $298,356, according to SABoR.
While local home prices have surged, the number of homes sold has remained steady, according to SABoR. In August, 3,788 homes were sold in the region, up 2 percent from the same time last year (3,726 homes) and up 9.8 percent from two years ago (3,440 homes).
But the number of days a home spends on the market has plummeted, reaching 24 days in August compared with 55 days both a year ago and two years ago, the SABoR report shows.
“August closed with an increase in sales throughout Bexar County and 3,294 new listings leading into September,” Cher Miculka, chairwoman of SABoR, says in a news release.