According to last month’s Housing Trends Reports, the San Antonio metro area housing market saw an increase in almost every category. The average home price saw a 19% increase to $374,168 according to SABOR, while Median prices increased by 22% to $326,500. Even with the increase, the area saw a 1% increase in total closed sales with a total of 3,498 homes sold.

The price per square foot increased to $183, a 24% increase from last year.

“As we close the first quarter of the year, we are seeing a gradual increase in new listings, active listings, and pending sales for the month,” said Tracie Hasslocher, SABOR’s 2022 Chairman of the Board. “Homes were on the market for 34 days, compared to 45 last year. The average and median prices of homes are also seeing an increase from what we saw this time last year.”

In the month of March, Bexar County reported the average home price for the area increased 14.8% to $341,564 and the median price increased 18.7% to $302,900. In total, 2,462 homes were sold. That’s a 3.2 percent decrease from 2021. 100.8% of homes were sold for list price and the price per square foot increased to $171.