San Antonio Housing Market: How Fast Homes Are Selling

SAN ANTONIO, TX — The housing market is poised to stay hot even as the outside temperature dips.

The national median sale price for single-family homes was 1.5 percent higher in October compared with the price in the last three weeks in September, according to Redfin. Median home sale prices were 13 percent higher than those in October 2020 and 30 percent higher than those in October 2019.

Mortgage rates have trended upward since August, which has pushed prospective buyers to buy before rates climb further, according to Redfin.

"Fear of missing out (FOMO) is always a powerful force in this supply-constrained housing market, but especially so today for buyers who weren’t able to snag a home last year before mortgage payments shot up by 15 percent," Redfin Chief Economist Daryl Fairweather said in a news release. "With this renewed FOMO, the housing market is heating up from the slight lull a few months ago.”

San Antonio Housing Market

The median sale price for a single-family home in the 78023 ZIP code was about $399,500 from the beginning of July through the end of September, according to Redfin. That was 18 percent higher than the price over the same period last year.

They also tracked 146 homes sold during the same time period, and more than half sold above list price. There were 152 new listings during this time, the firm said.

Not every home went under contract quickly in 78023, but 49 percent were under contract within two weeks of being listed.

ZIP code 78154

The median sale price for single-family homes in the 78154 ZIP code was $299,000 from July through September, according to Redfin; that was 15 percent higher than the same time last year.

They also tracked 245 homes sales during the same period, and more than half sold for above list price. There were 251 new listings during this time, the firm said.

Prospective homebuyers have to be quick if they are looking for a home in the 78154 ZIP code because more than half were off-market within two weeks of being listed.

Zip code 78109

The median sale price for single family homes in the 78109 ZIP code was $240,000 from July through September, according to Redfin; that was 17 percent higher than the same time last year. There were 364 homes sold during the same period, and more than half sold for above list price. Comparatively, 429 homes were newly listed.

Not every home went under contract quickly in 78109, but 47 percent went off-market within two weeks of being listed.

Additional single-family home information for San Antonio ZIP codes. Information is from July-September 2021. 

ZIP code 78202

• Median sales price: $239,000
• Median sales price year-over-year change: 10 percent
• Homes sold: 47
• New listings: 87
• Homes sold above list price: 30 percent
• Homes under contract within two weeks: 5 percent

ZIP code 78201

• Median sales price: $220,000
• Median sales price year-over-year change: 11 percent
• Homes sold: 79
• New listings: 110
• Homes sold above list price: 25 percent
• Homes under contract within two weeks: 16 percent

ZIP code 78203

• Median sales price: $273,250
• Median sales price year-over-year change: 46 percent
• Homes sold: 34
• New listings: 39
• Homes sold above list price: 21 percent
• Homes under contract within two weeks: 38 percent

Interested in the numbers on your ZIP code? Contact me today for a free, no obligation consultation.

Christopher Valdez | REALTOR | 210.260.8613 

Sources: Redfin, Local Data