Is San Antonio Northwest, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Antonio Northwest is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, San Antonio Northwest has remained a Seller's Market.

Key Takeaway

San Antonio Northwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in San Antonio Northwest, TX

How much do homes in San Antonio Northwest, TX cost?

Median Sold Price

$315,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$16,146(-4.9%)

Key Takeaway

Homes in San Antonio Northwest have sold for 4.9% less than they did a year ago.

Summary: The median home sold price in San Antonio Northwest was $315,000 in May 2024, down 4.9% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $126.2K$122K
-3.3%
2 $213.2K$195K
-8.6%
3 $290.2K$281.4K
-3.0%
4 $385K$375K
-2.6%
5+ $505K$484.9K
-4.0%

Summary: San Antonio Northwest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 4%.

Median Sold Price Compared To Nearby Cities

San Antonio
-1.6%
Leon Valley
-3.6%
San Antonio Northwest
-4.9%
Helotes
-6.2%

Housing Supply in San Antonio Northwest, TX

How many homes are available in San Antonio Northwest, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,4871,688+13.5%

Summary: The San Antonio Northwest real estate market had 1,688 homes for sale in May 2024, a 13.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1111
0.0%
2 5765
+14.0%
3 668760
+13.8%
4 621705
+13.5%
5+ 130147
+13.1%

Summary: The San Antonio Northwest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 13.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
302301-0.3%

Asking Price vs. Sold Price

183 Homes Were Sold
Under Asking

74 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Antonio Northwest, you may be able to get a good deal. 61% of homes here sold below asking price last month.

Summary: A total of 301 homes were sold or pending in San Antonio Northwest in May 2024, down by 0.3% month-over-month. Of the 300 sold homes, 61% were sold under asking, 25% were sold at asking, and 14% were sold over asking.

Days on Market for San Antonio Northwest, TX

How long does it take to sell a home in San Antonio Northwest, TX?

Average Sale Time

May 2023May 2024CHANGE
60 Days60 Days0.0%

Summary: Homes in San Antonio Northwest had an average of 60 days on market in May 2024, up by 0% compared to last year.

Breakdown of Home Sale Times

124 Homes Were Sold
Under 30 Days

113 Homes Were Sold
In 30 - 90 Days

64 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in San Antonio Northwest are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 301 homes were sold in San Antonio Northwest; 41% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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