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San Antonio home prices spiked in September, but sales leveled off, says new report

San Antonio home prices spiked in September, but sales leveled off

House for sale sign
It's steady as she goes on the San Antonio home front. iStock

Median home prices in the San Antonio spiked in September, but the pace of home-selling activity is leveling off, according to a new report.

The San Antonio Board of Realtors’ monthly report shows the median home price in the region surged 15 percent from last September to this September. Last month, the median home price in the area stood at $296,900. That’s a slight drop from the August 2021 median home price of $298,200.

The average home sale price for September 2021 jumped 15 percent year over year to $351,379, up from $306,814 last September.

Meanwhile, the number of homes sold didn’t budge from last September to this September, staying close to 3,700.

“Home sales are still moving quickly, which is good news for sellers. Typically, homes are selling within 27 days, but there is still a lot of opportunity for buyers. September reported over 6,000 active listings and 3,808 new listings,” Cher Miculka, chairwoman of SABoR, says in a news release.

The majority of homes sold in September (nearly 73 percent) fell in the range of $200,000 to $500,000, SABoR says. The over-$500,000 category accounted for 13.6 percent of sales and the under-$200,000 category represented 13.4 percent.