Are you trying to keep up with the San Antonio real estate market? It can change quickly, and it’s crucial to have the most up-to-date information. This report makes it easy to understand what happened in February 2025, so you can make smart decisions about buying, selling, or investing in real estate.
We’ll break down the numbers on homes sold, prices, and other significant trends. Whether you’re buying your first home or you’ve been investing for years, this report will give you the knowledge you need to succeed in the San Antonio market.
Key Things to Know from February 2025
- Overall Sales: A total of 2,407 single-family homes were sold, representing an 8% decrease compared to the same month last year.
- Average Price: The average price for a single-family home was $356,165, representing a 2% increase from the previous year.
- Median Price: The median price for a single-family home was $289,995, representing a 1% decrease.
- Existing Homes: Sales of existing single-family homes were down 1%, with 1,439 homes sold.
- New Construction: New single-family home sales decreased by 15%, with 969 homes sold.
- Condos and Townhomes: Sales of condos and townhomes decreased by 6%, with only 34 units sold.
- Rental Market: Average rents were stable, with a 0% change in the rental price per square foot.
Understanding Real Estate Numbers
Before we dive into the details, let’s go over some essential terms that will help you understand the report:
- Closed Listings: This refers to the number of properties that were successfully sold and completed during February 2025.
- Average Price: This is the total value of all properties sold divided by the number of properties sold. It gives you an idea of the typical market price.
- Median Price: This is the middle price of all properties sold. It’s a better indicator than the average price because it’s not as affected by very expensive or very cheap sales.
- Dollar Volume: This represents the total value of all properties sold, indicating the overall size of the market.
- % Change Year Ago: This represents the percentage change compared to the same month one year ago. It helps you see if the market is growing or shrinking.
- Pending Listings: This refers to the number of properties that have accepted offers but haven’t yet closed.
- Days on Market (DOM): This is the average number of days a property is listed for sale before an offer is accepted.
- Price per Square Foot: This represents the average cost per square foot of homes sold, enabling you to compare the value of different properties.
- Months of Inventory: This is an estimate of how long it would take to sell all the homes currently on the market if no new homes were listed for sale. A lower number indicates a seller’s market, while a higher number indicates a buyer’s market.
Overall Market Performance: What the Numbers Tell Us
In February 2025, the San Antonio real estate market exhibited some changes compared to the previous year. Here’s a closer look:
- Total Closed Listings: The total number of sales decreased by 8% compared to last year, which could indicate a slight slowdown in the market.
- Dollar Volume: The total value of all sales was $857,288,899, representing a 6% decrease from last year.
- New Listings: There were 4,463 new listings in February, representing a 10% increase from the same period last year.
- Active Listings: The number of active listings increased by 20% to 14,330, giving buyers more choices.
- Pending Listings: The number of pending listings decreased by 17%, indicating a decline in buyer activity compared to the same period last year.
- Days on Market: Properties stayed on the market for an average of 83 days, a 1% increase from last year.
Single-Family Homes: The Main Part of the Market
Single-family homes are the most common type of property in San Antonio, so let’s take a closer look:
- Closed Listings: In February 2025, 2,407 single-family homes were sold, comprising 1,439 existing homes and 968 new construction homes.
- Average and Median Prices: The average price for single-family homes was $356,165, while the median price was $289,995.
- Price per Square Foot: The average price per square foot was $171, representing a 1% decrease from last year.
- New Listings: New single-family listings increased by 10% compared to last year.
- Active Listings: The number of active listings increased by 21% to 9,738, providing buyers with more choices.
- Pending Listings: The number of pending listings decreased by -17% possibly indicating a cooling in buyer demand.
- Days on Market: The average number of days on market increased slightly to 83, indicating that homes took a bit longer to sell.
Existing Homes vs. New Construction
- Existing Homes: The average price for existing homes was $387,145, with a median price of $305,000.
- New Construction: New homes had an average price of $310,190 and a median price of $263,245.
Condominiums and Townhomes: A Smaller Piece of the Market
Condominiums and townhomes offer a more affordable and low-maintenance option for some buyers:
- Sales Decrease: Sales of condos and townhomes decreased by 6% in February 2025.
- Average and Median Prices: The average price was $248,739, and the median price was $180,000.
- Price per Square Foot: The average price per square foot remained the same at $201.
- New Listings: New listings decreased by -35% leading to fewer options for buyers.
- Active Listings: Active listings increased significantly by 37% providing a wider selection for buyers.
- Pending Listings: The number of pending listings decreased by 17%, indicating a slowdown in buyer interest.
- Days on Market: The average days on market increased to 109, representing a longer sales time.
Multifamily Properties: Opportunities for Investors
Multifamily properties, such as apartment buildings and duplexes, can be good investments:
- Closed Listings: Only 21 multifamily properties were sold in February 2025, representing a 16% decrease.
- Average and Median Prices: The average price was $424,505, while the median price was $370,400.
- Price per Square Foot: The average price per square foot was $162, representing a 12% decrease.
- Active Listings: The number of active listings increased to 42%, providing investors with more options.
- Pending Listings: The number of pending listings increased to 60% showing growing investor interest.
- Days on Market: The average days on market decreased, indicating a faster sales time.
Existing Multifamily Homes vs. New Construction
- Existing Multifamily Homes: The average price for existing multifamily properties was $416,081, with a median price of $327,500.
- New Construction Multifamily: New multifamily properties had an average price of $469,434 and a median price of $459,391.
Residential Lots and Acreage: Building Your Own Home
If you’re looking to build your own home, here’s what you should know about the market for residential lots and acreage:
- Closed Listings: 226 residential lots and acreage were sold in February 2025, representing a significant increase of 1,272%. (Note: This is very likely a typo in the source data. It’s highly unusual to see such a substantial increase in any market.
- Average and Median Prices: The average price was $135,322, and the median price was $119,000.
- Price per Square Foot: The average price per square foot was $23, representing an 18% increase.
- Active Listings: Active listings increased slightly to 7%, indicating that more lots and acreage were available for sale.
- Pending Listings: The number of pending listings increased significantly, signaling growing buyer interest.
- Days on Market: The average days on market decreased to 30% suggesting that there were few days on market for residential lots and acreage properties.
Residential Rental Market: Stable and Steady
The rental market in San Antonio continues to be an essential part of the housing market:
- Closed Listings: 1,272 residential rental properties were leased in February 2025, representing a 3% decrease.
- Average and Median Prices: The average rental price was $1,793, and the median rental price was $1,700.
- Price per 100 Square Feet: The average rental price per 100 square feet was $110, representing a 0% decrease.
- Active Listings: Active listings increased by 23% providing more rental options.
- Pending Listings: The number of pending listings decreased by 55%, indicating fewer rental properties.
- Days on Market: The average days on market increased to 71, suggesting that it will take longer to find rental properties.
Existing Rentals vs. New Construction Rentals
- Existing Rentals: The average rental price for existing homes was $1,791, with a median price of $1,700.
- New Construction Rentals: New rental properties had an average rental price of $1,810 and a median price of $1,685.
Commercial Real Estate: Mixed Results
The commercial real estate market in San Antonio showed mixed results in February 2025:
- Closed Listings: Only 19 commercial properties were sold in February 2025, representing a 14% decrease.
- Average and Median Prices: The average price was $355,168, and the median price was $310,250.
- Price per Square Foot: The average price per square foot was $79, representing a 15% decrease.
- Active Listings: The number of active listings decreased to 455, resulting in fewer available properties.
- Pending Listings: The Number of pending listings increased to 18, indicating growing buyer interest in commercial properties.
- Days on Market: The average days on market remained the same, indicating that it did not take longer to rent them out.
Factors to Watch
Several things could affect the San Antonio real estate market in the coming months:
- Interest Rates: Changes in interest rates can impact how much people can afford to borrow for a home purchase.
- Job Growth: San Antonio’s job market is robust, attracting new residents and driving up demand for housing.
- Inventory Levels: The number of homes available for sale will affect whether it’s a buyer’s or seller’s market.
- Local Development: New construction and development projects can significantly impact the real estate market in various parts of the city.
What This Means for You
- For Buyers: With more active listings, buyers have a wider range of choices. However, with the decrease in the number of pending listings, it’s essential to be ready to act quickly when you find a home you like.
- For Sellers: Although overall sales are down slightly, homes are still selling. It’s essential to price your home competitively and work with a real estate agent to make it stand out.
- For Investors: The multifamily market presents opportunities, but it’s essential to conduct thorough research and collaborate with experienced professionals to make informed decisions.
Navigating the San Antonio Real Estate Market
The San Antonio real estate market is constantly evolving, but by staying informed and collaborating with experienced professionals, you can effectively achieve your real estate goals in this dynamic city.
Conclusion
The San Antonio real estate market in February 2025 exhibits a mix of trends, with some areas experiencing growth and others slowing down. Whether you’re buying, selling, or investing, it’s essential to understand these trends and work with professionals who are well-versed in the market. Check back for future updates and analysis to help you stay informed and ahead of the market.
Disclaimer: This report is based on data from the San Antonio Board of REALTORS MLS Summary Report for February 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.