Market Trends for Bexar County Residential Property

Bexar appraisal

Bexar appraisal County Residential Real Estate Market Trends 

The housing market in Bexar County appraisal is evolving, with key changes in pricing, sales, and inventory that reflect broader economic and construction trends.

Trends in Residential Parcels and Value Notices

  • The number of parcels grew from 650,583 in 2022 to 670,145 in 2023, reaching 685,505 in 2024.
  • Residential value notices sent decreased from 644,089 in 2022 to 637,625 in 2023, and dropped further to 514,266 in 2024.
  • This contrast reflects shifts in market activity and assessment processes amid broader economic changes.

Recent years have shown contrasting trends in the Bexar County Appraisal District residential real estate sector, with a steady rise in parcel numbers but a notable decline in value notices sent.

Bexar appraisal

Residential Market Trend in Bexar County

  • Home sales totaled 33,493, marking a second consecutive year of decline.
  • Average and median home prices decreased for the first time in over 14 years by 1% and 2%, respectively.
  • Homes priced under $200,000 represented less than 11% of sales, a sharp decline from 60% a decade ago.

The 2023 residential real estate market reflected the impacts of aggressive Federal Reserve interest rate hikes to combat inflation. Despite slowed activity, the broader economy avoided a recession, and demand for housing persisted. Key trends include:

Resilience in Local Real Estate

  • Nearly 73% of homes sold were priced between $200,000 and $499,999, with a 17% rise in sales over $500,000.
  • New homes accounted for 35% of sales in 2023, addressing inventory shortages with attractive financing options.
  • The West and Northwest remain the hubs for new development, with growth extending to the South and Southeast county areas.

San Antonio and Bexar County‘s real estate market demonstrated resilience amidst challenges, buoyed by population growth and affordability compared to other Texas regions.

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