The San Antonio real estate market is constantly evolving, making it challenging to stay informed about the latest developments. If you are thinking about buying, selling, or want to stay in the loop, this report gives you an easy-to-understand overview of what happened in January 2025.
We’ll break down the numbers on homes sold, prices, and other significant trends. Whether you’re a first-time homebuyer or an experienced investor, this information will help you make wise choices about real estate in San Antonio.
Key Takeaways from January 2025
- Overall Sales: The total number of homes sold (across all types) was 2,153, representing a 5% increase compared to January of the previous year.
- Single-Family Homes: A total of 1,820 single-family homes were sold, with an average price of $352,803 and a median price of $295,475.
- New Construction: New single-family home sales increased by 13%, with 881 homes sold.
- Existing Homes: Existing home sales remained steady at 1,272, reflecting a balanced market.
- Price Trends: The median price for single-family homes rose by 2% year-over-year, indicating a steady appreciation in value.
- Condos and Townhomes: Sales increased significantly, with a 21% rise in the number of units sold.
- Rental Market: Average rents remained relatively stable, with a slight decrease of -1% in the rental price per square foot.
Understanding the Numbers: Key Metrics Explained
Before we get into the details, let’s review some of the most important terms used in this report:
- Closed Listings: The number of properties that were successfully sold and completed in January 2025.
- Average Price: The total value of all properties sold divided by the number of properties sold. This gives you an idea of the typical market price.
- Median Price: The middle price of all properties sold. This is often a better indicator than the average price because it is less influenced by extremely 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. This helps you see if the market is growing or shrinking.
- Pending Listings: The number of properties that have accepted offers but have not yet closed.
- 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 means a seller’s market, while a higher number means a buyer’s market.
Overall Market Performance: A Closer Look
In January 2025, the San Antonio real estate market showed signs of steady growth and stability. Here’s a breakdown of the key areas:
- Total Closed Listings: Total sales increased by 5% compared to the previous year, indicating a healthy demand for properties in San Antonio.
- Dollar Volume: The total value of all sales reached $759,585,805, demonstrating the market’s financial strength.
- New Listings: There were 4,103 new listings in January, representing a 1% increase from the same period last year.
- Active Listings: The number of active listings increased by 9% to 13,680, indicating a larger selection for buyers.
- Pending Listings: The number of pending listings decreased by 6%, which could indicate a slight slowdown in buyer activity compared to the previous year.
- Days on Market: Properties stayed on the market for an average of 70 days, a 1% decrease compared to last year, indicating a relatively quick sales pace.
Single-Family Homes: The Heart 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 January 2025, 1,820 single-family homes were sold, with existing homes accounting for 1,272 sales and new construction contributing 548 sales.
- Average and Median Prices: The average price for single-family homes was $352,803, while the median price was $295,475.
- Price per Square Foot: The average price per square foot was $171, reflecting a competitive market.
- New Listings: New single-family listings decreased by 12% compared to last year.
- Active Listings: The number of active listings increased by 4% to 9,296, providing buyers with more choices.
- Pending Listings: The number of pending listings decreased by 12%, which may indicate a slight cooling in buyer demand compared to last year.
- Days on Market: The average number of days on market remained steady at 73, indicating that homes are selling at a consistent pace.
Existing Homes vs. New Construction
- Existing Homes: The average price for existing homes was $376,568, with a median price of $307,000.
- New Construction: New homes had an average price of $318,484 and a median price of $283,990.
Condominiums and Townhomes: A Growing Segment
Condominiums and townhomes are becoming more popular in San Antonio, offering a more affordable and low-maintenance lifestyle:
- Sales Increase: Condominium and townhome sales increased by 21% in January 2025.
- Average and Median Prices: The average price was $247,052, and the median price was $184,000.
- New Listings: New listings decreased by -6% which could potentially lead to less inventory.
- Active Listings: Active listings increased by 15% indicating a larger selection for buyers.
- Pending Listings: The number of pending listings remained steady.
- Days on Market: The average number of days on market decreased by 9% to 54, indicating a faster sales pace.
Multifamily Properties: Investment Opportunities
Multifamily properties, such as apartment buildings and duplexes, offer unique investment opportunities:
- Closed Listings: 35 multifamily properties were sold in January 2025.
- Average and Median Prices: The average price was $369,824, while the median price was $346,000.
- Price per Square Foot: The average price per square foot was $156.
- Active Listings: Active listings remained steady
- Pending Listings: The number of pending listings decreased by 29%, which may indicate reduced investor demand compared to last year.
- Days on Market: The average days on market increased by 7% to 75, potentially slowing the sales pace.
Existing Multifamily Homes vs. New Construction
- Existing Multifamily Homes: The average price for existing multifamily properties was $361,910, with a median price of $342,000.
- New Construction Multifamily: New multifamily properties had an average price of $492,500 and a median price of $492,500.
Residential Lots and Acreage: Building Your Dream
If you’re looking to build your own home, here’s what you need to know about the market for residential lots and acreage:
- Closed Listings: 181 residential lots and acreage were sold in January 2025.
- Average and Median Prices: The average price was $167,426, and the median price was $128,500.
- Price per Square Foot: The average price per square foot was $99.
- New Listings: New listings increased by 142% which could lead to more inventory for buyers.
- Active Listings: Active listings decreased by 8%, reflecting a decrease in available land for purchase.
- Pending Listings: The number of pending listings increased by 28% as buyer interest grew.
- Days on Market: The average days on market increased.
Residential Rental Market: Stable Rents
The rental market in San Antonio remains an essential part of the overall housing picture:
- Closed Listings: 1,116 residential rental properties were leased in January 2025.
- Average and Median Prices: The average rental price was $1,786, and the median rental price was $1,695.
- Price per 100 Square Feet: The average rental price per 100 square feet was $113.
- New Listings: New listings decreased by 11%, which could result in limited rental options for tenants.
- Active Listings: Active listings decreased by 1%, indicating potentially fewer rental availabilities for tenants.
- Pending Listings: The number of pending listings remained steady.
- Days on Market: The average days on market increased by 15% to 70, suggesting that properties may take longer to rent out compared to last year.
Existing Rentals vs. New Construction Rentals
- Existing Rentals: The average rental price for existing homes was $1,781, with a median price of $1,699.
- New Construction Rentals: New rental properties had an average rental price of $1,857 and a median price of $1,675.
Commercial Real Estate: Investment Opportunities
The commercial real estate market in San Antonio offers various opportunities for investors:
- Closed Listings: A total of 29 commercial properties were sold in January 2025.
- Average and Median Prices: The average price was $353,004, and the median price was $308,000.
- New Listings: New listings decreased.
- Active Listings: Active listings decreased.
- Pending Listings: Pending listings decreased by -12.8%
- Days on Market: The average days on market increased.
Commercial Land:
- Closed Listings: 9 commercial land properties were sold in January 2025.
- Average and Median Prices: The average price was $933,444, and the median price was $525,000.
Rural Farms and Ranches: A Unique Market
Rural farms and ranches cater to a specific segment of the market:
- Closed Listings: 32 rural farms and ranches were sold in January 2025.
- Average and Median Prices: The average price was $813,540, and the median price was $475,000.
- Price per Square Foot: The average price per square foot was $669.
Price Range Analysis: Where are the Sales Happening?
To provide a more detailed view, let’s look at the distribution of sales across different price ranges for single-family homes:
| Price Range | Closed Listings | % of Total Sales |
|---|---|---|
| $0 – $69,999 | 14 | 0.7% |
| $70,000 – $99,999 | 23 | 1.1% |
| $100,000 – $149,999 | 73 | 3.4% |
| $150,000 – $199,999 | 217 | 10.1% |
| $200,000 – $249,999 | 403 | 18.7% |
| $250,000 – $299,999 | 374 | 17.4% |
| $300,000 – $399,999 | 507 | 23.5% |
| $400,000 – $499,999 | 241 | 11.2% |
| $500,000 – $749,999 | 195 | 9.1% |
| $750,000 – $999,999 | 61 | 2.8% |
| $1,000,000+ | 45 | 2.1% |
This table shows that most sales occurred in the $200,000 to $399,999 range, which is the most active segment of the San Antonio single-family home market.
What Does This Mean for You? Expert Analysis
- For Buyers: With active listings on the rise, buyers have more options to choose from. Interest rates are steady, and with the help of a professional agent, you will find the right home to fit your needs.
- For Sellers: With steady demand and homes selling at a consistent pace, sellers can feel confident in the market. It’s essential to price your home competitively and collaborate with a real estate agent to showcase its best features effectively.
- For Investors: The multifamily market and rural farms and ranches present unique investment opportunities. Understanding local trends and working with experienced professionals is key to success.
Hottest Areas in San Antonio
Here are some of the hottest areas in San Antonio, ranked by the “Hotness Ratio” (pending listings as a percentage of active listings) for single-family homes:
| Area | Hotness Ratio |
|---|---|
| 14 | 24.3 |
| 18 | 23.5 |
| 06 | 22.6 |
| 05 | 20.9 |
| 04 | 20.8 |
Factors to Watch
Several factors could influence the San Antonio real estate market in the coming months:
- Interest Rates: Changes in interest rates can affect home affordability and buyer demand.
- Economic Growth: San Antonio’s economy is experiencing steady growth, attracting new residents and driving increased housing demand.
- Inventory Levels: Monitoring the number of homes available for sale is crucial to understanding the balance between buyers and sellers.
- Local Development: New construction and development projects can significantly alter the landscape of the real estate market in various areas.
Navigating the San Antonio Real Estate Market
The San Antonio real estate market offers opportunities for buyers, sellers, and investors. By staying informed and working with experienced professionals, you can achieve your real estate goals in this dynamic and growing city.
Conclusion
The San Antonio real estate market in January 2025 shows a blend of stability and growth. Whether you’re looking to buy, sell, or invest, understanding these trends is key to making informed decisions. Stay tuned for future updates and analysis to help you navigate the market with confidence.
Disclaimer: This report is based on data from the San Antonio Board of REALTORS MLS Summary Report January 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.