Latest Insights on the San Antonio Real Estate Market
Are you trying to keep up with the San Antonio real estate market? It’s a busy place, and things can change quickly! This report makes it easy to understand what’s happening in April 2025. Whether you’re thinking about buying, selling, or want to know what’s going on, this report will help you.
We’ll review the numbers for homes sold, prices, and other key metrics. This report is for everyone, whether you’re buying your first home or you’re an experienced investor. Let’s dive in!
What You Need to Know: Key Numbers from April 2025
- Overall Sales: Total sales (across all property types) were 3,029, representing a 1% decrease compared to April of last year.
- Single-Family Homes: A total of 3,029 single-family homes were sold. The average price was $365,738, with a median price of $304,000.
- Existing Homes: Sales of existing single-family homes decreased by 3%, with 1,914 homes sold.
- New Construction: New single-family home sales increased by 3%, with 1,115 homes sold.
- Condos and Townhomes: Condo and townhome sales decreased by 11% in April.
- Rental Market: Average rents decreased slightly by -3%, remaining relatively stable.
Real Estate Language: Understanding the Terms
Before we get started, let’s make sure we all know what these terms mean:
- Closed Listings: The number of properties that were successfully sold and the deal was completed in April 2025.
- Average Price: The total value of all properties sold, divided by the number of properties sold. Gives you an idea of the typical price.
- Median Price: The middle price of all properties sold. A better measure than the average because it’s less affected by very high or low sales.
- Dollar Volume: The total value of all properties sold, showing the overall size of the market.
- % Change Year Ago: The percentage change compared to the same month last year. Helps you see if the market is growing or shrinking.
- Pending Listings: The number of properties that have accepted offers but haven’t closed yet.
- Days on Market (DOM): The average number of days a property is listed for sale before an offer is accepted.
- Price per Square Foot: The average cost per square foot of homes sold, which helps you compare the value of different properties.
- Months of Inventory: An estimate of how long it would take to sell all the homes currently on the market if no new homes were listed. A lower number indicates a seller’s market, while a higher number means a buyer’s market.
Overall Market: What’s the Big Picture?
In April 2025, the San Antonio real estate market showed some changes. Here’s a look at how the whole market is doing:
- Total Closed Listings: Total sales decreased by 1% compared to last year, indicating that the market has slowed down slightly.
- Dollar Volume: The total value of all sales was $1,107,819,832, a decrease of -3% from last year.
- New Listings: In April, there were 5,114 new listings, and the number of homes for sale has increased significantly.
- Active Listings: The number of active listings increased by 35% to 15,178, which means buyers have more choices.
- Pending Listings: The number of pending listings decreased by -1% suggesting that buyer activity is leveling off compared to last year.
- Days on Market: Properties stayed on the market for an average of 77 days, which indicates that homes are still selling relatively quickly.
Single-Family Homes: The Main Story
Single-family homes are a big part of the San Antonio market. Let’s take a closer look at them:
- Closed Listings: In April 2025, 3,029 single-family homes were sold, comprising 1,914 existing homes and 1,115 new construction homes.
- Average and Median Prices: The average price for single-family homes was $365,738, and the median price was $304,000.
- Price per Square Foot: The average price per square foot was $174, reflecting a competitive market.
- New Listings: New single-family listings increased by 9% compared to last year.
- Active Listings: The number of active listings increased by 31% to 11,026, providing buyers with a broader selection of properties to choose from.
- Pending Listings: The number of pending listings decreased slightly.
- Days on Market: The average days on market have remained steady.
Existing Homes vs. New Construction
- Existing Homes: The average price for existing homes was $384,052, with a median price of $315,000.
- New Construction: New homes had an average price of $334,314 and a median price of $294,985.
Condominiums and Townhomes: A Different Option
Condos and townhomes can be a good fit for those who want less maintenance. Here’s what’s happening with them:
- Sales Decrease: Sales of condos and townhomes decreased by 11% in April 2025.
- Average and Median Prices: The average price was $260,718, and the median price was $192,000.
- Price per Square Foot: The average price per square foot was $212.
- New Listings: New listings decreased.
- Active Listings: Active listings increased significantly by 31%, providing buyers with more selection.
- Pending Listings: The number of pending listings decreased by 26%, suggesting that buyers were more hesitant.
- Days on Market: The average days on market increased to 38%.
Multifamily Properties: Details for Investors
Multifamily properties (like apartments) can be good investments. Here are the key points:
- Closed Listings: In April 2025, 24 multifamily properties were sold, representing a 37% decrease.
- Average and Median Prices: The average price was $327,633, while the median price was $348,250.
- Price per Square Foot: The average price per square foot was $139, a decrease of 2% from last year.
- Active Listings: Active listings decreased by 1% showing fewer options to buy.
- Pending Listings: The number of pending listings increased, indicating a rise in investor interest.
- Days on Market: The average number of days on market decreased, potentially indicating that homes are selling quickly.
Existing Multifamily Homes vs. New Construction
- Existing Multifamily Homes: The average price for existing multifamily properties was $300,998, with a median price of $305,000.
- New Construction Multifamily: New multifamily properties had an average price of $496,323 and a median price of $497,990.
Residential Lots and Acreage: Land to Build On
If you’re thinking about building a home, here’s what you need to know about land:
- Closed Listings: In April 2025, 186 residential lots and acreages were sold, representing a 32% decrease.
- Average and Median Prices: The average price was $178,079, and the median price was $132,000.
- Price per Square Foot: The average price per square foot was $40.
- Active Listings: The number of active listings decreased by 27%, reflecting a decrease in available land for purchase.
- Pending Listings: The number of pending listings increased, signaling more buyer demand.
- Days on Market: The average days on market has increased, suggesting there might have been longer sales times.
Residential Rental Market: What’s the Rent?
The rental market is a big part of San Antonio’s housing scene. Here’s how it looked in April 2025:
- Closed Listings: 1,414 residential rental properties were leased in April 2025, representing a 0% increase.
- Average and Median Prices: The average rental price was $1,836, while the median rental price was $1,750.
- Price per 100 Square Feet: The average rental price per 100 square feet was $110, a decrease of 2%.
- Active Listings: Active listings increased by 9% with more rental options for tenants.
- Pending Listings: The number of pending listings decreased, indicating that tenants were securing leases more frequently.
- Days on Market: The average days on market had risen, suggesting a market where properties may take longer to rent.
Existing Rentals vs. New Construction Rentals
- Existing Rentals: The average rental price for existing homes was $1,837, with a median price of $1,750.
- New Construction Rentals: New rental properties had an average rental price of $1,824, with a median price of $1,700.
What This Means for You: Expert Advice
- For Buyers: With more homes available, buyers have a wider range of options. Take your time to find the right property, but be ready to make a move when you see something you like.
- For Sellers: It’s more important than ever to make your property stand out. Work with a real estate agent to highlight your home’s best features and price it competitively.
- For Investors: The multifamily market presents potential opportunities; however, it’s essential to conduct thorough research and seek advice from experienced professionals.
Final Thoughts
The San Antonio real estate market in April 2025 presents a mix of trends. Staying informed and working with experienced professionals will help you reach your real estate goals in this dynamic city.
Disclaimer: This report is based on data from the San Antonio Board of REALTORS MLS Summary Report for April 2025, and is intended for informational purposes only. All closed listing counts are preliminary. Market conditions can change, so it’s always best to consult with a qualified real estate professional for personalized advice.