Are you curious how much your home is worth in San Antonio’s dynamic real estate market? Whether you’re considering selling, looking to cancel PMI, or simply curious about your property’s current value, having accurate information is key to making smart decisions about your biggest financial asset.

In this article, we’ll dive into home price trends in Alamo City, show you how to get a reliable home value estimate, and offer some practical strategies to boost your home’s value and marketability. We’ll also introduce a few helpful tools that can help you maximize the value of your San Antonio home when it’s time to sell.

Current home values in San Antonio

Since the summer of 2020, median home values in the greater San Antonio area have grown by 26.2%. According to the San Antonio Board of Realtors (SABOR), in June 2020, the typical home sold for $249,500, compared to a typical price of $314,900 in June 2024.

However, the San Antonio real estate market is performing differently than most of the nation’s most prominent metro areas, seeing year-over-year price decreases since 2022. This doesn’t necessarily mean that sales are dwindling, but rather that the market is rebalancing back to “healthy” levels after the pandemic housing boom.

“The average number of days on the market increased by 7% to 79 days, suggesting a slightly longer selling period for properties, compared to March 2023,” commented William Curtis, Chair of the Board of SABOR, in a recent article by MySA. “The months of inventory remained balanced at 4.4, providing a healthy market environment for buyers and sellers alike.”

The table below illustrates how median home prices have fluctuated in the San Antonio market over the last five years:

While Alamo City has seen a downward trend in recent years, the overall pattern of increasing house prices has been unfolding across the United States. According to the S&P CoreLogic Case-Shiller National Home Price Index, house prices nationwide have climbed by over 50% since the beginning of 2020.

This dramatic increase in home values has allowed many homeowners to accumulate significant equity, with the average mortgage-holding homeowner now possessing $299,000 in equity, as reported by the ICE Mortgage Monitor in early 2024. This newfound wealth can be strategically repurposed for various financial goals, from making home renovations, investing in new properties, and paying off debts to saving for retirement.

For comparison, the table below shows median home prices in cities near San Antonio:

In the next section, we’ll explore how to accurately estimate the value of your San Antonio home.