As 2024 came to a close, the Central Texas housing market showed a mix of growth, challenges, and opportunities for buyers and sellers alike. With key areas like San Marcos, New Braunfels, San Antonio, and South Austin drawing attention, the region’s real estate trends reflected a dynamic landscape shaped by affordability, demand, and evolving inventory levels.
Spotlight on San Marcos and New Braunfels
These growing cities continued to attract homebuyers looking for affordability and a sense of community.
San Marcos saw a slight dip in home prices, with the median price settling at $351,100 — a decrease of 2.8% compared to the previous year. Despite this, inventory grew modestly, giving buyers more options in a competitive market.
In New Braunfels, the median home price in ZIP code 78130 dropped 6.8% to $340,000. The average days on market increased, signaling that buyers may have more negotiation power as homes take longer to sell (Community Impact).
San Antonio: The Affordable Choice
San Antonio remains a favorite for buyers seeking affordability without sacrificing urban amenities.
Median home prices in the city stabilized around $310,000, making it one of the most accessible major markets in Texas.
Affordability metrics improved in 2024, with families spending less of their income on housing compared to the prior year, thanks to steady wages and slower price growth (Barron’s).
This balance of affordability and opportunity continues to attract both families and investors.
South Austin: A Market in Demand
South Austin remains a hot spot, driven by its proximity to the city center and lifestyle appeal.
Home prices climbed by 5% year-over-year, reflecting ongoing demand and limited inventory.
Buyers interested in this area should act quickly, as homes in the sub-$500,000 range are especially scarce.
With new developments slowly coming online, competition in this segment is expected to stay fierce in 2025.
What This Means for Buyers and Sellers
For buyers, areas like San Marcos and New Braunfels offer great opportunities to find affordable homes without venturing too far from urban hubs. San Antonio’s balance of cost and convenience continues to appeal, while South Austin offers premium living for those willing to compete for available inventory.
For sellers, rising prices in South Austin and steady demand in San Antonio create favorable conditions. However, pricing your home correctly is critical, especially in areas where homes are spending longer on the market.
Partner with Walker Texas Team
Navigating the Central Texas housing market is no easy task, but the Walker Texas Team is here to help. With deep roots in San Marcos and expertise spanning New Braunfels, South Austin, and San Antonio, their team provides personalized guidance to buyers and sellers. Whether you’re looking for a new home or planning to sell, the Walker Texas Team has the tools and insights to deliver results. Explore homes for sale today at Walker Texas Team.
December 2024’s trends underline the importance of staying informed and working with knowledgeable professionals. Central Texas continues to be a region of opportunity — whether you’re settling down, investing, or upgrading to your dream home.
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