Latest Trends in San Antonio Real Estate Market
Are you keeping up with the real estate market in San Antonio? It can be a lot to follow, but don’t worry – we’ve got you covered. This report gives you a simple look at what happened in May 2025. Whether you’re considering buying, selling, renting, or investing, this information will help you understand what’s happening.
We’ll break down the key numbers and trends so that you can make wise choices about real estate in San Antonio. This report is easy to read and understand, allowing everyone to benefit.
Quick Numbers: May 2025 in a Nutshell
- Overall Sales: There were 3,229 homes sold (all types), a 3% decrease compared to May of last year.
- Single-Family Homes: A total of 3,229 single-family homes were sold.
- Average Price: The average price for a single-family home was $378,746, representing a 2% increase from the previous year.
- Median Price: The median price for a single-family home was $315,000, representing a 2% increase from the previous year.
- Existing Homes: Sales of existing homes increased by 1%, with 2,110 homes sold.
- New Construction: New single-family home sales decreased by 10%, with 1,119 homes sold.
- Condos and Townhomes: Sales of condos and townhomes decreased by 26%, with 48 units sold.
- Rental Market: Average rents decreased slightly by -1%, remaining relatively stable.
Real Estate Language: A Mini-Dictionary
Before we go any further, let’s define some essential real estate terms:
- Closed Listings: The number of properties that were successfully sold in May 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 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. 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: What’s the Story?
Here’s a summary of how the San Antonio real estate market performed in May 2025:
- Total Closed Listings: The total number of sales decreased by -3% compared to last year, suggesting a slight slowdown.
- Dollar Volume: The total value of all sales was $1,222,970,691, representing a 1% decrease from last year.
- New Listings: The number of new listings increased by 3%, indicating a rise in the number of homes for sale.
- Active Listings: The number of active listings increased by 4% to 16,482, providing buyers with more choices.
- Pending Listings: The number of pending listings decreased by -10%, indicating a possible dip in buyer demand.
- Days on Market: Properties stayed on the market for an average of 72 days, a consistent pace.
Single-Family Homes: The Main Attraction
Single-family homes are a major part of the San Antonio market. Let’s see what’s going on with them:
- Closed Listings: In March 2025, 3,229 single-family homes were sold, comprising 2,110 existing homes and 1,119 new construction homes.
- Average and Median Prices: The average price was $378,746, and the median price was $315,000.
- Price per Square Foot: The average price per square foot was $176.
- New Listings: New single-family listings increased by 5% compared to last year.
- Active Listings: The number of active listings increased to 16,482, providing buyers with a larger selection.
- Pending Listings: The number of pending listings decreased by 10%, which may indicate a slowdown in buyer activity.
- Days on Market: The average number of days on market remained the same, at 72 days.
Existing Homes vs. New Construction
- Existing Homes: The average price for existing homes was $399,172, with a median price of $323,400.
- New Construction: New homes had an average price of $340,263 and a median price of $298,000.
Condominiums and Townhomes: A Different Style of Living
Condos and townhomes offer a different lifestyle. Here’s how they did in May 2025:
- Sales Decrease: Sales of condos and townhomes decreased by 26%.
- Average and Median Prices: The average price was $309,158, while the median price was $197,500.
- Price per Square Foot: The average price per square foot was $230.
- New Listings: The number of new listings decreased by 31%, resulting in fewer options for buyers.
- Active Listings: The number of active listings increased by 7%, reaching 657, providing buyers with more properties to choose from.
- Pending Listings: The number of pending listings decreased by 13% suggesting fewer buyers.
- Days on Market: The average number of days on market increased to 93, indicating a longer time needed to sell homes.
Multifamily Properties: Investment Insights
Multifamily properties are attractive for investors. Here’s a summary of their performance:
- Closed Listings: In March 2025, 30 multifamily properties were sold, representing a 42% decrease.
- Average and Median Prices: The average price was $349,890, while the median price was $358,834.
- Price per Square Foot: The average price per square foot was $143.
- Active Listings: The number of active listings decreased by 18%, which could potentially lead to fewer investor options.
- Pending Listings: Pending listings decreased by 53%, signaling less investor interest.
- Days on Market: The average number of days on market has increased, potentially slowing the sales pace.
Existing Multifamily Homes vs. New Construction
- Existing Multifamily Homes: The average price for existing multifamily properties was $344,044, with a median price of $310,000.
- New Construction Multifamily: New multifamily properties had an average price of $516,000 and a median price of $516,000.
Residential Lots and Acreage: Building Your Dream
If you’re thinking about building your own home, here’s the scoop on land:
- Closed Listings: 201 residential lots and acreage were sold, which is a decrease of 28%.
- Average and Median Prices: The average price was $151,399, while the median price was $100,000.
- Price per Square Foot: The average price per square foot was $12.
- Active Listings: The number of active listings decreased by 40%, reflecting a decrease in available land for purchase.
- Pending Listings: The number of pending listings increased to 26%, signaling growing buyer interest in land.
- Days on Market: The average number of days on market has decreased for residential lots and acreage properties.
Residential Rental Market: What’s the Rent Like?
The rental market is a crucial component of San Antonio’s housing landscape. Here’s the snapshot for March 2025:
- Closed Listings: 1,653 residential rental properties were leased, representing a 3% increase.
- Average and Median Prices: The average rental price was $1,874, while the median rental price was $1,775.
- Price per 100 Square Feet: The average rental price per 100 square feet was $114.
- New Listings: New listings increased by 4%, potentially leading to more inventory for buyers.
- Active Listings: The number of active listings increased to 7%, providing tenants with more choices.
- Pending Listings: The number of pending listings remained steady.
- Days on Market: The average days on market has increased by 0%.
Existing Rentals vs. New Construction Rentals
- Existing Rentals: The average rental price for existing homes was $1,872, with a median price of $1,775.
- New Construction Rentals: New rental properties had an average rental price of $1,902 and a median price of $1,750.
What This Means for You: Expert Tips
- For Buyers: With more homes available, buyers have more power. It’s important to be ready to act quickly when you find a home you like.
- 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.
Hot Areas in San Antonio
Here are some of the “hottest” areas in San Antonio right now, based on the ratio of pending listings to active listings for single-family homes:
| Area | Hotness Ratio |
|---|---|
| 14 | 23.7 |
| 04 | 23.3 |
| 23 | 22.9 |
| 21 | 22.0 |
| 17 | 20.3 |
| 06 | 20.3 |
| 18 | 19.5 |
| 05 | 19.2 |
| 03 | 19.0 |
| 10 | 18.9 |
| 27 | 18.5 |
| 01 | 18.3 |
| 16 | 18.2 |
| 15 | 18.1 |
| 08 | 17.9 |
| 07 | 17.5 |
| 25 | 17.1 |
| 29 | 14.4 |
| 13 | 14.3 |
| 02 | 13.5 |
| 19 | 13.2 |
| 28 | 12.9 |
| 30 | 12.9 |
| 26 | 12.7 |
| 31 | 11.5 |
| 24 | 11.5 |
Final Thoughts
The San Antonio real estate market in May 2025 continues to evolve. Staying informed and working with experienced professionals will help you achieve 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 May 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.