The latest market report for the San Antonio real estate market revealed a slight decline in both average and median home prices. The average home price dropped to $372,024, which was a 3% decrease from August of last year, while the median home price dropped 2% to $313,995. 

The report showed 3,017 listings closed in the month of August, a 4% decrease in sales compared to a year ago, with 94.1% of those homes closing at their original list price. The market now has 5.26 months of inventory with homes spending an average of 65 days on the market. 

"The San Antonio real estate market is adjusting with slight declines in prices and sales but remains stable with strong demand as most homes still close at their original list price. Inventory levels indicate a balanced market, and while we may see modest changes in prices and slower activity in the coming months, the market remains resilient." – Will Curtis, SABOR’s 2024 Chair of the Board.

The average home price across Texas rose by 1% to $429,484, while the median price slightly decreased by 0.2% to $342,000.