Note: When you work with one of our partners, we may earn a small commission. Learn more about our editorial policy and how we make money. |
San Antonio is an American treasure, brimming with culture and history. As housing costs increase, you may be wondering if there's a best time to buy a house in San Antonio. The short answer is: it depends on your priorities.
In recent years, listing prices for homes in Texas were lowest in January. On average, homes were $31,176 less expensive. While in October — the month with the highest prices — the listing prices were $23,038 more than the annual average.
Mortgage rates, on the other hand, were lowest in December. But with interest rates on the rise, it pays to explore your options with a trusted mortgage provider to make sure you get the best rate possible.
Read on to find out which time of year will give you the most options and the biggest savings when buying a house in San Antonio.
Best month for | ||
|---|---|---|
Listing price | January | 7.1% lower than average |
Housing inventory | April | 16.1% more homes to choose from |
Mortgage rates | December | 2.93% interest for 30-year mortgage |
Realtor.com data (10/1/2020) Bankrate data (12/1/2020) | ||
Getting started
If you're interested in buying a home in San Antonio, start by connecting with a realtor who knows the local market. The real estate market in San Antonio can change at the drop of a hat, and a professional real estate agent will keep you informed on the best neighborhoods and times to buy.
A free service like Clever Real Estate can match you with top agents from trusted brands like RE/MAX and Keller Williams.
Interview as many agents as you'd like until you find the perfect fit, or walk away at any time with no obligation. Add your zip code below to request hand-picked agent matches today!
The best time of year to buy in San Antonio
If you want a move-in ready home in a prime location, spring, especially April, is the best time of year to buy a house in San Antonio. Many homeowners put their properties on the market during these months, so it'll be easier to find a home that matches your criteria.
However, if you want a good deal on a home — and you're flexible on things like location and home style — try searching for a home during the off-season, from October through February. During these months, many sellers are more willing to cut a deal, and you'll face less competition from other buyers.
While these are general rules of thumb, it's important to remember that price trends can vary year to year, and there may even be anomalies within specific neighborhoods. The best way to find a home in your target market is to connect with a local realtor. They'll help you navigate the ins and outs of your market and find the best time to buy a house in San Antonio.
💰 Find a top buyer's agent near me today!
The best places to buy a home in San Antonio
Terrell Hills
This relatively upscale neighborhood is a great option for people looking for homes in a higher price range. It boasts highly rated schools and great walking trails.
McAllister Park
McAllister Park is affordable, with easy access to schools, parks, and shopping centers, making it a great option for families. Home values in this area are expected to grow.
Hill Country Village
This village gives residents a small-town atmosphere, but it also has easy access to U.S. 281, entertainment, and shopping.
Government Hill
This zone’s walkability and proximity to the King William Historic District has given it a boost in popularity — and home values.
Pecan Valley
This suburban neighborhood is just a short drive from downtown San Antonio. A lower cost of living and stable home prices make it appealing to people looking for a little quiet outside the big city.
Four ways to get a great deal on a home in San Antonio
1. Find a great San Antonio real estate agent
Buying a home is one of the largest investments you'll make, and it's important to have professional help navigating your financial and legal obligations. An experienced real estate agent has your back throughout the entire process. They'll help you find the right home, negotiate with the seller, and navigate contracts and the final sale.
2. Determine what you need and want in a house
Before you cross the threshold of an open house, determine your must-haves and deal breakers. The more details you nail down ahead of time, the better your local real estate agent can help you find homes that align with your goals.
3. Find a lender and secure financing
Unless you plan to buy your home with cash, you'll need to apply for a mortgage. For most home buyers in San Antonio, interest rate is one of the biggest factors when choosing a lender. Doing some upfront research and comparing options to find the best rate could save you tens of thousands of dollars over the life of your loan.
For example, in Texas a typical house is worth $224,000. Assuming a 20% down payment, if you took out a 30-year mortgage for 3.5%, your monthly payment would be $799. But if you shopped around and found a 3% mortgage, your monthly payment would drop to about $756.
4. Negotiate for the best possible price
Once you find a suitable home, it's time to make an offer. Your realtor will help you submit an offer to win the home without overpaying. They'll also guide you through home inspections and negotiations, ensuring that you pay a fair price in the current market conditions.
If you're looking for a realtor, Clever can connect you with the top buyer's agents in your area for a free, no-obligation consultation.
Fill out our online form, and a Clever representative will reach out to get the process started and answer any questions.