San Antonio Housing Market: Trends & Prices

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San Antonio Real Estate Market Overview

(Last Updated – 7/2023)

Voted the second best place to live in Texas by U.S. News & World Report, San Antonio offers the best of both worlds. Whether residents are looking for big-city amenities or want to spend their days in a relaxed and inviting atmosphere, San Antonio can deliver.

San Antonio may be taught in school as the home of the Alamo, but it’s also home to famous theme parks, theater and music venues, sports arenas, and over 1.47 million residents, according to the latest census data from 2022. The cost of living in San Antonio comes in at roughly 8% below the national average, and median home prices come in well below the national median.

Recommended: Cost of Living in Texas (2023)

By the way, San Antonio has around 220 sunny days every year, and only 14 days or so of freezing temperatures. So stock up on some sunscreen and discover more helpful facts about the San Antonio housing market.

$288,000

Median Sale Price

$166

Avg. Price Per Square Ft.

34 days

Avg. Time on Market

San Antonio Housing Market Forecast

For those looking to grab their Texas dream home at a discount, San Antonio may have some appealing options.

San Antonio housing prices went down by 3% in May 2023 compared with last year, but the area is still a seller’s market. Real estate experts report that homes in San Antonio remain cheaper than in other areas of the state.

Housing market forecast chart

*Graph taken from Zillow as of 7/2023

Demographics of the San Antonio Market

San Antonio is a city with deep historical roots but isn’t afraid to modernize, making it an ideal place to call home for singles, families, students, and career ladder climbers.

Take a peek at the demographics of the San Antonio real estate market for a broader look at the city.

Median Income: $55,084

Median Age: 33.9

College Educated: 27.3%

Homeowners: 52.3%

Married: 44.6%

Olmos Park

Olmos Park prides itself on being a friendly enclave with a bustling business district.

Actually a small city surrounded by San Antonio, Olmos Park loves to host major social events throughout the year for occasions like the Fourth of July. Families will feel right at home in this tiny affluent niche.

Quick Facts

Population:

2,432

Median Age:

44.3

Housing Units:

1,112

Bike Score:

51/100

Walk Score:

48/100

Transit Score:

42/100

Average Household Income:

$319,090

Olmos Park Housing Market

Homebuyers with their eyes on Olmos Park may feel like they’re a little late to the rodeo, as this neighborhood has become somewhat competitive. Typically, homes in this area sell for about 2% under their list price, but some receive multiple offers.

Nonetheless, homes in Olmos Park spend around 43 days on the market, so buyers still have a bit of breathing room when deciding where they want to put down roots.


Median Sale Price

$952,000

Average Price Per Square Ft.

$334


Downtown

The world-famous River Walk may be the most popular attraction in Downtown San Antonio, but this neighborhood also offers museums, theaters, schools, and historic sites such as the Alamo (one of the city’s five missions).

There are also great restaurants and shops to enjoy, as well as superb housing options to be uncovered.

Quick Facts

Population:

16,489

Median Age:

35

Housing Units:

8,348

Bike Score:

64/100

Walk Score:

82/100

Transit Score:

77/100

Average Household Income:

$57,522

Downtown Housing Market

For those thinking about heading Downtown, it’s worth noting that the housing market in this neighborhood is not considered to be very competitive.

This is good news for buyers, as it’s considered rare for a home for sale to receive multiple offers, and many sit on the market for around 109 days.


Median Sale Price

$515,000

Average Price Per Square Ft.

$386


Terrell Heights

Terrell Heights features lush landscapes, intimate parks, and mature trees that lend a peaceful feel to this neighborhood.

For those looking for an escape from the hustle and bustle of San Antonio, Terrell Heights can offer a reprieve.

Quick Facts

Population:

5,047

Median Age:

40.2

Housing Units:

1,807

Bike Score:

50/100

Walk Score:

65/100

Transit Score:

37/100

Average Household Income:

$258,502

Terrell Heights Housing Market

Some homes for sale in Terrell Heights receive multiple offers, stay on the market for an average of 26 days, and sell for around 4% below list price.

Prospective homebuyers may want to consider moving quickly if they find a home they love.


Median Sale Price

$382,000

Average Price Per Square Ft.

$297


Oakland Estates

Real estate experts consider Oakland Estates to be a great place for a first time home buyer in Texas to consider. With top-notch education, entertainment, dining, and shopping options, Oakland Estates has many things busy professionals and families are looking for.

Quick Facts

Population:

56,810

Median Age:

31.7

Housing Units:

26,856

Bike Score:

37/100

Walk Score:

27/100

Transit Score:

28/100

Average Household Income:

$74,787

Oakland Estates Housing Market

The Oakland Estates housing market is somewhat competitive and could keep buyers on their toes. Some homes in the area receive multiple offers and sell in an average of 46 days.

That said, there could be room for negotiation, as on average, homes in this area sell for about 2% below their list price.


Median Sale Price

$400,000

Average Price Per Square Ft.

$208


Dignowity Hill

Dignowity Hill is known for being San Antonio’s first exclusive residential suburb, but it’s also popular with locals because of its gorgeous large estates and proximity to downtown.

Small Folk Victorian-style houses and a historic park add to the charm of this beloved San Antonio neighborhood.

Quick Facts

Population:

10,390

Median Age:

38.2

Housing Units:

4,989

Bike Score:

64/100

Walk Score:

67/100

Transit Score:

50/100

Average Household Income:

$61,093

Dignowity Hill Housing Market

Redfin rates Dignowity Hill as “not very competitive” and reports that it’s rare for homes in this market to receive multiple offers. That’s good news for buyers who aren’t fans of a rushed purchase process.

On average, listed homes in Dignowity Hill stay on the market for 58 days and sell for roughly 1% below list price.


Median Sale Price

$383,000

Average Price Per Square Ft.

$233



SoFi Home Loans

It’s easy to see why San Antonio has become such a popular market to buy a home in. There are some really amazing neighborhoods to choose from whether you’re young and single or have a family to look after.

If you think San Antonio could be your home sweet home, then you may need to consider your mortgage financing options.

If you’re buying a home or refinancing an existing mortgage, SoFi can help you make the process as quick and painless as possible.

Learn More


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