November Market Highlights in 78209 Show Rising Prices and Million-Dollar Homes
Out of 29 closed listings in 78209 for November, five reached million-dollar-plus price tags. The highest-priced home, located in Alamo Heights, sold for $1.9 million. This impressive 4,836-square-foot estate features four bedrooms, 4.5 baths, and a three-vehicle garage. An elegant, curved staircase next to the entryway highlights its architectural design.
Another notable transaction involved a 3,188-square-foot townhouse that sold for $1.4 million. This two-story home offers stunning views of the Quarry Golf Course and includes three bedrooms, each with its own en-suite bath.
Affordable Options in 78209
The lowest-priced property in 78209 for November sold for $140,000. Located in Willshire Village, the 1,205-square-foot home features two bedrooms and one bath. Sellers marketed it as a potential investment property.
Fewer Closings, Higher Prices
In November, sellers closed on 29 properties in 78209, down from 50 in October and 39 in November 2023. Despite fewer closings, both the average and median prices increased from the previous month. The average price rose to $672,419, an increase of $41,000 compared to October 2024.
The median price also climbed significantly, reaching $575,000 in November compared to $490,000 in October. After negotiations, homes sold for an average of 93% of their original list prices.
New Listings and Market Activity
Sellers introduced 45 new listings in November, which pushed the total number of active listings to 222. Buyers took an average of 48 days to place homes under contract. Among San Antonio neighborhoods, 78209 ranked fifth for the fastest time to go under contract. Housing inventory remains steady at about six months, giving buyers more choices and room to negotiate prices.
Market Data Source
The San Antonio Board of Realtors provided the data for this report. Bruce X. Forey, Portfolio KW San Antonio, License #778295.
BXForey@kw.com.
