Top Small Teams in San Antonio, Texas – Ranked By Sides

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2023 San Antonio, Texas Housing Market Summary

San Antonio, Texas started 2023 with a total of 4,596 single-family homes on the market, with a median home price of $320,000 and an average price per square foot of $183. By the end of the year, inventory had increased to 6,070 homes on the market (+32%), with a median home price of $315,000 (-1%) and an average price per square foot of $184 (+0%).

At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 70 days.

San Antonio started the year with 52% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 48% of San Antonio homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that San Antonio started 2023 as a seller’s market, with an MAI score of 36; by the end of the year, the MAI had dropped to 31 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

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