The San Antonio market continued to see a slight decline in home prices compared to September 2023, with the average home price at $371,945, a 2% decrease compared to the previous year. The median home price dropped 1% YoY to $312,000. 

September saw a 2% increase in sales with a total of 2,693 homes closed. 93.9% of those closed at their original list price. The market now has a little over 5 months of inventory, with homes spending an average of 72 days on the market, a 38% increase compared to this time last year. 

"The San Antonio real estate market is showing modest price declines but remains stable with continued demand, as evidenced by a 2% increase in sales activity and the majority of homes closing at their original list price. With inventory levels rising and homes spending more time on the market, we expect a balanced environment moving forward. While we may see gradual shifts in pricing and sales dynamics, the market continues to demonstrate resilience." – Will Curtis, SABOR’s 2024 Chair of the Board.

Statewide, the Texas real estate market saw various trends, with 26,189 homes sold in September, a 1% decrease from 2023. The average home price across Texas rose by less than 1% compared to 2023 to $417,085, while the median price slightly decreased by 0.3% to $339,000. Bexar County had a median price of $295,000, making it one of the more affordable major markets in the state.