San Antonio Area Real Estate Stats: December 2024
The above graphic is the most recent data we have for the San Antonio market (December 2024) that shows several key stats, such as sold prices, total sales, days on market, and active listings. For us, the stat we've really been focused on has been the spike in the number of active listings last year compared to 2023, and honestly compared to most of the last 10 years.
The elevated numbers for the active listings and new listings that we currently have has had a big effect on the market and can have a bigger one if things continue to creep in the direction the overall trend is heading. As an example, the lowest days on market we've seen in recent years was in August 2021 where San Antonio homes sat on the market on average for just 24 days. The change from then until December 2024 was a 229% increase to the days on market!
From under a month on the market to now approaching 3 months, that's a big swing for sellers! That could amount to thousands of dollars in holding costs every month for those sellers who homes aren't selling. If a seller is looking to, or even NEEDS to, sell their home quickly, the easiest solution would be to list lower. Though that is off-putting to many sellers, those that don't may put themselves in a worse position. Not only could a higher price tag extend the days on market (thus increasing holding costs), those extra days usually lead to lower offers from interested buyers due to the listing being "stagnant."
What Will the SATX Housing Market Look Like in 2025?
Given the numbers for the area, given the current interest rate trends, given the still interested buyers, we think the San Antonio housing market will be much like the one we saw in 2024: slow but steady. Obviously, that's barring any major shifts that could change things significantly.
We'll probably alter between a Seller's Market (>5 Months to Inventory) to a Balanced Market (5-6 Months of Inventory), like we did last year. However, it would only take a few slow months in 2025 to put us into a Buyer Market (6< Months of Inventory), which is something we haven't seen since the Great Recession.
Mortgage rates will probably fluctuate like they had in 2024, bouncing between a couple of percentage points. The Fed is unlikely to lower rates at all in 2025, according to Bank of America:
"'Given a resilient labor market, we now think the Fed cutting cycle is over,' Bank of America predicted. 'Inflation is stuck above target and risks are skewed to the upside. Economic activity is robust. We see little reason for additional easing.'"
So, those buyers waiting for rates to drop will continue to wait, keeping buyer demand potentially where it is. The only thing to stir up more buyer demand and quicken the market would be lower list/sales prices, which sellers are not likely to do unless necessary.
Overall, 2025 will probably be much like 2024. We will see some homes sitting on the market, some homes getting multiple offers, some buyers and investors finding deals, and other buyers and investors having to make sacrifices in order to achieve their goals.
If you are not unrepresented by a real estate agent, the best piece of advice we can give to anyone looking to buy, sell, or invest in San Antonio real estate would be get educated.
Know your numbers. Know your limits. Know ahead of time what you need to do. Know what each decision may lead to.
Happy New Year to everyone reading this!
May 2025 be a fantastic year for you and your family!
San Antonio Area Real Estate Stats:
December 2022 - 2024
Texas Real Estate Stats:
December 2024
Last Week’s SATX Real Estate Stats
For more information about the current market, about buying a home, or about selling a home, reach out to us! We’d be honored to help you!
Real Estate Resource Forms
Residence Homestead Exemption Application
(Taken from the Bexar County Appraisal District - BCAD Forms Page)
