Building Costs Per Square Foot in the City of San Antonio (TX), USA

Newly Built Home in San Antonio 20618 Osprey Way TX-78256 – 4 Bed and 4 Baths with 2 x Attached Garages on Gross Floor Area 3,053 sqft – Built in 2022 – Price $985,000

Residential Construction Market Analysis in the City of San Antonio, USA

Building costs are 8% above the national average in the City of San Antonio in Texas. San Antonio is one of the best places for experiencing the best of Texas. It offers a thriving dining scene; a bustling center with trendy shops, cafes, and restaurants; and majestic architectural monuments dating from its Spanish colonial past.

San Antonio is a wonderful city and it is truly one of a kind. It might not be the largest city in Texas, but it does have something special that makes it stand out. After all, it is the only city in the world that has a river running through the very center of the city. We are referring to the Paseo del Río, which is a narrow but very long river that can be enjoyed on foot or by boat.

More and more people choose San Antonio to buy a property and live there. From other people from the same state to people from any part of the country or the world, San Antonio is like a magnet that attracts any type of person.

From the people that only want to stay in the city, to those who need green grass all around, there is something for everyone in San Antonio. If you want to know more about the real estate market in this city then you are in the right place. Here we will talk about property values, real estate market projections, upcoming projects, and everything you need to know about this city.

San Antonio Construction Outlook

San Antonio is a great city to use as the poster child for what Texas truly is. San Antonio has some buildings but they are not the skyscrapers you would see in New York, Los Angeles, or Chicago. If you have some tall buildings that stand out on your skyline, but nature is something that is allowed (and welcome in the city).

In fact, the city was built with a river running through it, so no matter where you are, you will always be in contact with something of nature.

In addition to these buildings surrounded by rivers, San Antonios has some residential neighborhoods with modest but modern houses, designed so that people can live comfortably there. It is a fairly familiar city, but it also has great nightlife for the young (and also the not-so-young) who are going to live there.

San Antonio Housing Market Analysis and Forecast

In the city of San Antonio, home sales in May increased by 27% compared to the same month last year. More than 3,600 houses were sold in May 2021. This means that the sales are increasing, but the bad news for the buyers is that there aren’t many new houses listed.

Compared to May 2021, there are 50% fewer homes listed for sale, making the competition that much more complex. People come from other states and even from other countries to buy in San Antonio, but there is not a wide variety of houses, which means that everyone bets on the same properties, raising values.

However, summer is seen with an optimistic eye. Summer is always a time for sales and property listing renewals in Texas, especially in San Antonio. For this reason, this increase in supply that always occurs in summer, especially after the big spring cleanups, is expected to be accompanied by a drop in prices.

Texas in general always attracts many people, in fact, in the last decade more than 3 million properties were sold, and the average price increased by more than $100,000, which did not happen in other cities.

The average time of the houses or properties on the list is 55 days, which is a great number, much better than the national average of 70. Basically,it is a real estate market that favors sellers or investors and does not always work in favor of buyers.

San Antonio Average House Price (Median Home Price)

The value of the median home in San Antonio is $298,000, which is more than 20% of what it was at this time last year when the value was $239,000. Remember that the median home value is an average based on the price of the different residential properties, so you can find some more expensive and others cheaper.

Homes in condominiums or apartments have an average value of $190,000, while in this period of 2021 the value of this type of housing was $1,500,000. Single-family homes have an average value of $320,000 compared to last year’s values of $265,000 in 2021.

This tells us that although there is a great variety of prices, the values in San Antonio are on the rise. Many people choose this city to live in, so it is not surprising. In any case, although there is an increase in values, these numbers are still lower than those of other cities in the United States.

Proposed Residential Building Projects in San Antonio

In San Antonio, Texas, most of the real estate projects are divided between projects of buildings or condominiums and the single-family houses. The buildings are not very tall if the city has some skyscrapers, but in the projects that are coming between 2022 and 2023, there are no residential buildings that exceed 20 floors.

The condominiums are of different sizes, some projects are condominiums prepared to accommodate up to 40 people (divided into 10 residential units). Especially near educational institutions, there are a lot of condominiums.

When it comes to houses, there are not many luxury houses under construction. If you want luxury in Texas you must go to Dallas. Here in San Antonio, there are some projects of houses with more than 4 rooms, with 2 bathrooms and all modern interiors. They are not considered luxury houses and do not exceed $500,000, but they are perfect houses for a middle-class family.

Newly Built Affordable House in San Antonio 1418 N Navido Street TX-78207 – 3 Bed and 2 Baths on Gross Floor Area 1,200 sqft – Built in 2022 – Price $200,000 (2)

Building Costs Per Square Foot for Single Family Homes in the City of San Antonio (TX), USA

Building costs are 8% above the national average in the City of San Antonio in Texas.

Class 1 – Luxury Single Family Homes

The building cost per square foot for luxury private homes in San Antonio City ranges from $372.48 per sqft to $571.00 per sqft, with the average being $439.58 per sqft. As the bar chart shows below, bigger homes with a large gross floor area have the lowest building costs per ft2, and smaller homes with a small gross floor area have the highest building costs per ft2. Medium-sized homes are somewhere in between. Generally, the building cost per square foot decreases as the size of the house gets bigger, and increases as the house gets smaller.

Class 2 – Semi Luxury Single Family Homes

The building cost per square foot for semi-luxury private homes in San Antonio City ranges from $226.38 per sqft to $347.00 per sqft, with the average being $267.15 per sqft. As the bar chart shows below, bigger homes with a large gross floor area have the lowest building costs per ft2, and smaller homes with a small gross floor area have the highest building costs per ft2. Medium-sized homes are somewhere in between. Generally, the building cost per square foot decreases as the size of the house gets bigger, and increases as the house gets smaller.

Class 3 – Best Standard Single Family Homes

The building cost per square foot for best-standard private homes in San Antonio City ranges from $146.34 per sqft to $222.27 per sqft, with the average being $171.33 per sqft. As the bar chart shows below, bigger homes with a large gross floor area have the lowest building costs per ft2, and smaller homes with a small gross floor area have the highest building costs per ft2. Medium-sized homes are somewhere in between. Generally, the building cost per square foot decreases as the size of the house gets bigger, and increases as the house gets smaller.

Class 4 – Good Standard Single Family Homes

The building cost per square foot for good-standard private homes in San Antonio City ranges from $106.80 per sqft to $163.78 per sqft, with the average being $126.04 per sqft. As the bar graph shows below, bigger homes with a large gross floor area have the lowest building costs per ft2, and smaller homes with a small gross floor area have the highest building costs per ft2. Medium-sized homes are somewhere in between. Generally, the building cost per square foot decreases as the size of the house gets bigger, and increases as the house gets smaller.

Class 5 – Average Standard Single Family Homes

The building cost per square foot for average-standard private homes in San Antonio City ranges from $86.69 per sqft to $132.76 per sqft, with the average being $102.22 per sqft. As the bar graph shows below, bigger homes with a large gross floor area have the lowest building costs per ft2, and smaller homes with a small gross floor area have the highest building costs per ft2. Medium-sized homes are somewhere in between. Generally, the building cost per square foot decreases as the size of the house gets bigger, and increases as the house gets smaller.

Class 6 – Minimum Standard Single Family Homes

The building cost per square foot for minimum-standard private homes in San Antonio City ranges from $68.37 per sqft to $104.80 per sqft, with the average being $80.66 per sqft. As the bar graph shows below, bigger homes with a large gross floor area have the lowest building costs per ft2, and smaller homes with a small gross floor area have the highest building costs per ft2. Medium-sized homes are somewhere in between. Generally, the building cost per square foot decreases as the size of the house gets bigger, and increases as the house gets smaller.