Is Bexar County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bexar County is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Bexar County was a Seller's Market.

Key Takeaway

Bexar County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Bexar County, TX

How much do homes in Bexar County, TX cost?

Median Sold Price

$294,129

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$5,830(-1.9%)

Key Takeaway

Homes in Bexar County have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in Bexar County was $294,129 in May 2024, down 1.9% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $134K$134.5K
0.4%
2 $190K$189.7K
-0.1%
3 $270.9K$264.9K
-2.2%
4 $350.5K$345K
-1.6%
5+ $445.1K$447.6K
+0.6%

Summary: Bexar County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Counties

Wilson County
+5.5%
Kendall County
-1.3%
Guadalupe County
-1.7%
Bexar County
-1.9%
Comal County
-2.5%

Housing Supply in Bexar County, TX

How many homes are available in Bexar County, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9,11210,092+10.8%

Summary: The Bexar County real estate market had 10,092 homes for sale in May 2024, a 10.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 135146
+8.1%
2 738849
+15.0%
3 4,4795,010
+11.9%
4 3,0873,353
+8.6%
5+ 673734
+9.1%

Summary: The Bexar County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1,6361,558-4.8%

Asking Price vs. Sold Price

905 Homes Were Sold
Under Asking

416 Homes Were Sold
At Asking

234 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bexar County, you may be able to get a good deal. 58.2% of homes here sold below asking price last month.

Summary: A total of 1,558 homes were sold or pending in Bexar County in May 2024, down by 4.8% month-over-month. Of the 1,555 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% were sold over asking.

Days on Market for Bexar County, TX

How long does it take to sell a home in Bexar County, TX?

Average Sale Time

May 2023May 2024CHANGE
61 Days69 Days+12.6%

Summary: Homes in Bexar County had an average of 69 days on market in May 2024, up by 12.6% compared to last year.

Breakdown of Home Sale Times

594 Homes Were Sold
Under 30 Days

555 Homes Were Sold
In 30 - 90 Days

409 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bexar County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 1558 homes were sold in Bexar County; 38% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 26% 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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