San Antonio and its surrounding areas experienced a 16 percent increase in March's home sales compared to March 2020, according to data provided by the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. The upward trend resulted in 3,516 homes sold in March 2021 compared to March 2020s 3,029 homes sold.

“As we near summer, we are starting to see a rise in home sales earlier than the peak of the summer season,” said Cher Miculka, Chairman of the Board. "Taking the pulse of the market and seeing the continued high demand, it is clear that homeownership in Bexar County and its surrounding areas remains a priority for many coming into mid-year."

The average price of a home sold in the area for March was $316,971 with a median price of $268,500. Throughout Texas, the average price was $363,563 which is 21.3 percent higher than March 2020, while the median price in the state also climbed, reaching $285,000. 

In the greater San Antonio area, there were 3,739 new listings, while Bexar County specifically reported 2,661 new listings. In all of Texas, a total of 38,607 new listings hit the market in March.

SABOR Multiple Listing Service Report: March Home Sales Recap 

*Percentage increases are based on a year-over-year comparison. 

In the county comparison, Bexar County sales increased by 13.9 percent with 2,546 homes sold. In a year-over-year comparison, Travis County's home sales increased 4.7 percent (1,368 homes), Harris County increased 19.8 percent (4,717 homes), and Dallas County increased 8.8 percent (2,010 homes). The percentages reflect year-over-year changes from 2020 to 2021.

It’s no surprise that home sales continue to increase from 2020 to 2021.  San Antonio, as a whole, has much to be desired making it one of the most populated cities in Texas.  An article from Roofstock is projecting that Bexar County alone will have nearly 1.6 million new people moving to the area by 2050. Between the growth in the job market, its high ranking in public schools, nightlife, family living and housing, and the low tax rates and cost of living, it is likely that San Antonio will continue to boom and hold strong as one of our nation’s fastest-growing cities.

https://member.sabor.com/wp-content/uploads/2021/04/Market-Stats-Infographic-March-2021.pdf