Though rising mortgage rates could cause the market to cool in the months ahead, prices continue to rise. Zillow’s data track both on and off-market home values. Home values in the San Antonio metro area – an eight-county region covering Bandera, Kendall, Comal, Guadalupe, Wilson, Atascosa, Medina and Bexar – are $68,000 higher this May than last May, according to Zillow’s home value index. That’s an increase of 25 percent in just a year.įor context, between 20, the average annual increase in home values was only 3.2 percent. Tight inventory and high materials costs are also making it more difficult to find a home. Home prices in the San Antonio area have soared since the beginning of the coronavirus pandemic, putting the goal of homeownership out of reach for more residents. Note: Some ZIP codes are omitted due to a lack of data.
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