Insights on the San Antonio real estate market
Are you keeping an eye on the San Antonio real estate market? It’s constantly changing, so it’s essential to stay up-to-date. This report gives you a simple overview of what happened in March 2025. Whether you’re considering buying, selling, or simply curious, this information will help you better understand the market.
We’ll break down the numbers on homes sold, prices, and other key trends. This report is for everyone, from first-time homebuyers to experienced investors, providing the information you need to make informed real estate decisions in San Antonio.
Quick Look: Key Facts from March 2025
- Overall Sales: Total home sales (all types) were 2,811, representing an 8% decrease compared to March of last year.
- Single-Family Homes: A total of 2,711 single-family homes were sold. The average price was $378,792, with a median price of $315,499.
- Existing Homes: Sales of existing homes decreased by 4%, with 1,756 homes sold.
- New Construction: New single-family home sales decreased by 14%, with 1,055 homes sold.
- Condos and Townhomes: Condo and townhome sales decreased by 10%, with 45 units sold.
- Rental Market: Average rents decreased slightly by -1%, remaining relatively stable.
Real Estate Terms: Understanding the Jargon
Before we dive into the numbers, let’s clarify some important terms used in this report:
- Closed Listings: The number of properties that were successfully sold and the deal was finalized in March 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 Happening?
In March 2025, the San Antonio real estate market showed a mix of changes. Here’s a detailed look at the overall performance:
- Total Closed Listings: Total sales decreased by -8% compared to last year, indicating a slight slowdown in the market.
- Dollar Volume: The total value of all sales reached $1,064,784,192, representing a 6% decrease from last year.
- New Listings: There were 4,132 new listings in March, representing a 1% increase from the same month last year.
- Active Listings: The number of active listings increased significantly by 29% to 14,716, providing buyers with more options.
- Pending Listings: The number of pending listings decreased by -1%, which could suggest a minor slowdown in buyer activity compared to last year.
- Days on Market: Properties stayed on the market for an average of 87 days, which is similar to last year.
Single-Family Homes: The Main Focus
Single-family homes comprise a significant portion of the San Antonio market. Let’s see what happened with them:
- Closed Listings: In March 2025, 2,811 single-family homes were sold, comprising 1,756 existing homes and 1,055 new construction homes.
- Average and Median Prices: The average price for single-family homes was $378,792, and the median price was $315,499.
- Price per Square Foot: The average price per square foot was $176, reflecting a competitive market.
- New Listings: New single-family listings increased by 1% compared to last year.
- Active Listings: The number of active listings increased by 29% to 10,467, providing buyers with a larger selection.
- Pending Listings: The number of pending listings decreased slightly by 1%, which may suggest a steady pace of buyer demand.
- Days on Market: The average days on market remained steady at 73.
Existing Homes vs. New Construction
- Existing Homes: The average price for existing homes was $392,869, with a median price of $315,000.
- New Construction: New homes had an average price of $355,365 and a median price of $316,000.
Condominiums and Townhomes: A Smaller Segment
Condos and townhomes can be a good choice for those seeking low-maintenance living. Here’s how they performed:
- Sales Decrease: Sales of condos and townhomes decreased by 10% in March 2025.
- Average and Median Prices: The average price was $260,141, while the median price was $217,000.
- Price per Square Foot: The average price per square foot was $212
- New Listings: The number of new listings decreased by 43%, resulting in fewer options for buyers.
- Active Listings: Active listings increased by 30% giving buyers more properties to select from.
- Pending Listings: The number of pending listings decreased by 26% suggesting that buyers might have been more hesitant compared to last year.
- Days on Market: The average days on market increased significantly to 33%.
Multifamily Properties: Investment Details
Multifamily properties (like apartments) are attractive for investors. Here’s the rundown:
- Closed Listings: In March 2025, 26 multifamily properties were sold, representing a 35% decrease.
- Average and Median Prices: The average price was $373,863, while the median price was $382,000.
- Price per Square Foot: The average price per square foot was $157, which stayed pretty steady.
- Active Listings: The number of active listings decreased by 7%, which could potentially lead to fewer investor options.
- Pending Listings: The number of pending listings decreased by 17%, indicating reduced investor demand compared to the previous year.
- Days on Market: The average days on market increased by 14% potentially slowing the sales pace.
Existing Multifamily Homes vs. New Construction
- Existing Multifamily Homes: The average price for existing multifamily properties was $350,905, with a median price of $380,000.
- New Construction Multifamily: New multifamily properties had an average price of $534,567 and a median price of $540,000.
Residential Lots and Acreage: Land for Building
If you’re considering building a custom home, here’s what’s happening with land:
- Closed Listings: 205 residential lots and acreage were sold in March 2025, representing a 13% decrease.
- Average and Median Prices: The average price was $150,940, while the median price was $120,000.
- Price per Square Foot: The average price per square foot was $7 or less.
- New Listings: New listings increased by 40%.
- Active Listings: The number of active listings decreased slightly.
- Pending Listings: The number of pending listings increased to 6% signaling growing buyer interest in land.
- Days on Market: The average days on market increased to 28% as residential lots and acreage properties took longer to sell.
Residential Rental Market: Renting a Home
The rental market is a big part of San Antonio’s housing scene. Here’s how it looked in March 2025:
- Closed Listings: In March 2025, 1,566 residential rental properties were leased, representing a 12% increase.
- Average and Median Prices: The average rental price was $1,800, while the median rental price was $1,700.
- Price per 100 Square Feet: The average rental price per 100 square feet was $113.
- New Listings: New listings decreased by -1%.
- Active Listings: The number of active listings increased to 8%, providing tenants with more choices.
- Pending Listings: The percentage of pending listings decreased to 21%, which may indicate that fewer tenants are securing leases.
- Days on Market: The average days on market increased to 67, suggesting it took longer to rent a property in San Antonio.
Existing Rentals vs. New Construction Rentals
- Existing Rentals: The average rental price for existing homes was $1,799, with a median price of $1,700.
- New Construction Rentals: New rental properties had an average rental price of $1,810, with a median price of $1,700.
What This Means for You: Expert Advice
- For Buyers: With more active listings, buyers have increased options and greater power, making this an ideal time to find the perfect property.
- For Sellers: With sales decreasing, 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 March 2025 presents a mix of trends. Staying informed and collaborating with experienced professionals will help you navigate this evolving market successfully.
Disclaimer: This report is based on data from the San Antonio Board of REALTORS MLS Summary Report for March 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.