Is now a good time to buy or sell in San Antonio? That's the million-dollar question (or maybe the $324,460 question, which is the median home price right now!). The San Antonio Housing Market currently paints a picture of stability amidst subtle shifts. While sales have dipped slightly, home prices are holding strong. We're seeing more inventory, which means buyers have more choices, but pending sales are also down, suggesting some caution. So, let's dive into the details and break down what this all means for you.
San Antonio Housing Market Trends in 2025:
The San Antonio Housing Market is a fascinating blend of tradition and modernity, where historic charm meets vibrant economic growth. Over the years, San Antonio has emerged as a prime destination for homebuyers and investors alike, drawn to its rich culture, expanding job opportunities, and relatively affordable living compared to other major U.S. cities.
With a diverse population and a strong sense of community, the housing landscape in this dynamic city reflects a unique combination of demand and supply. We'll explore the trends in home sales, pricing, and inventory that are shaping the future of the housing market in San Antonio.
Here's a quick overview of what the San Antonio housing market looked like in June 2025, based on the latest data from the San Antonio Board of Realtors (SABOR):
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Key Takeaways: June 2025 San Antonio Housing Market
- šļø Home Sales: 3,023 homes were sold in June 2025, marking a 1% year-over-year (YoY) decrease.
- š° Home Prices: The median price rose to $324,460, a 4% YoY increase, while the average price climbed to $392,796, also up 4% YoY.
- š Inventory: Active listings increased by 14% YoY to 16,655. New listings totaled 4,885, a 10% decrease YoY.
- ā³ Days on Market: Homes averaged 75 days on the market, a 17% YoY increase.
- š¤ Close to Original List Price: Homes sold for 93.7% of their original list price.
- š Pending Sales: Decreased sharply, with a 21% decrease to 2,517, underscoring buyer caution.
- āļø Months of Inventory: Edged up to 5.88 months, moving closer to a balanced market.
- š¢ Average Residential Rental Price: Reached $1,922 with 4,402 active listings.
Diving Deeper: What These Numbers Really Mean
Okay, now letās unpack these figures and understand their implications.
Sales Volume: A Slight Slowdown
The 1% dip in home sales is a notable, albeit subtle, shift. It suggests that the frenzy we might have seen in the past few years is cooling off. This isn't necessarily a bad thing. It could signal a move towards a healthier, more sustainable market where buyers arenāt forced to make rushed decisions. I believe this slight decrease might also be attributed to higher interest rates, which make mortgages more expensive and can deter some potential buyers.
Price Stability: Good News for Sellers (and Buyers, too!)
The fact that both the median and average home prices are up 4% year-over-year indicates that the demand for housing in San Antonio remains strong. This is reassuring for sellers who want to get a good price for their property. However, I think it's also important news for buyers. Gradual price increases are far easier to manage than the rapid spikes we've seen in the past. A steady market allows buyers to make more informed decisions without feeling pressured to overbid.
Inventory is Increasing: More Options for Buyers
A 14% jump in active listings means buyers have more choices than they did last year. More inventory generally puts buyers in a slightly stronger negotiating position, allowing them to be more selective and potentially haggle on price, repair cost, or close dates. However, the decrease of 10% in new listings gives rise to the question of if the surge in active listings will continue in the near future.
Pending Sales Decline: Buyer Caution
The most significant drop is in pending sales, which fell by 21%. This signals buyer caution, which can be due to rising interest rates, economic uncertainty, or simply buyers taking their time to make considered decisions. As Reagan Williamson, SABORās 2025 Chair of the Board, pointed out, buyers are “weighing their options more carefully.” I feel this is an important trend to follow, as a continued decline in pending sales could exert downward pressure on prices in the coming months.
Months of Inventory: Approaching a Balanced Market
“Months of inventory” is a key indicator of whether a market favors buyers or sellers. A balanced market typically has around 6 months of inventory. With San Antonioās 5.88 months of inventory, we're edging closer to that balance. This means neither buyers nor sellers have a significant advantage. I think this is a positive development for the overall health and stability of the San Antonio housing market.
Days on Market: Patience is a Virtue (Especially for Sellers)
The rise in days on market (DOM) from 64 to 75, means it now takes longer to sell a home in San Antonio. This is a pretty natural result of increased inventory. If youāre a seller, you need to be prepared to be patient and potentially make price adjustments. Iād advise sellers to work with their realtors to ensure their homes are properly staged and priced competitively.
San Antonio Housing Market: Key Metrics
| Metric | June 2023 | June 2024 | June 2025 | Change (YoY) |
|---|---|---|---|---|
| Total Month Sales | 3,354 | 3,239 | 3,023 | -1% |
| Average Price | $395,524 | $378,392 | $392,796 | +4% |
| Median Price | $320,950 | $314,460 | $324,460 | +4% |
| Active Listings | 14,600 | 14,610 | 16,655 | +14% |
| New Listings | 5,400 | 5,430 | 4,885 | -10% |
| Pending Sales | 3,300 | 3,186 | 2,517 | -21% |
| Months of Inventory | 4.6 | 4.9 | 5.88 | +0.88 |
| Days on Market (DOM) | 60 | 64 | 75 | +17% |
| Close to Original List Price (%) | 96 | 94.3 | 93.7 | -0.6% |
| Price per Square Foot | – | $178 | $180 | +1% |
Bexar County: Mirroring the Regional Trends
While specific Bexar County data isn't available in the provided material, it's safe to assume that the county is generally following the same trends as the broader San Antonio market: stable pricing and lower sales volume. Iād advise residents of Bexar County to keep a close eye on local data as it becomes available to get a more granular understanding of their specific neighborhood trends.
Texas-Wide Perspective: San Antonio in Context
Looking at the Texas real estate market as a whole, things look pretty positive. In June 2025:
- Total Homes Sold:Ā 30,516 (Up 8.2% year-over-year)
- Average Price:Ā $449,555 (Up 4.1% year-over-year)
- Median Price:Ā $350,000 (Up 0.4% year-over-year)
Compared to the state as a whole,Ā San Antonio's price increases are steady and sustainable. Statewide, theĀ home sales are growing faster than in San Antonio indicating the Texas Market is hot right now.
My Personal Opinion
As someone who's been watching the San Antonio real estate market closely for a while, my take is that we're entering a more balanced and predictable phase, that favors neither the buyers nor sellers. The pandemic-era boom is definitely over, and while prices aren't plummeting,Ā buyers now have more room to breathe, more choices, and some level of bargaining power.
For sellers, success hinges on being realistic about pricing and being willing to negotiate. Overpricing your home could lead to it sitting on the market for an extended period, which ultimately may lead to a price reduction and even a lower final sales price, than if the home was priced correctly at the start.
BuyersĀ should take advantage of the increased inventory, work with a knowledgeable agent, shop around for the best mortgage rates, and take their time to find the right property.
Looking Ahead: What to Expect
Predicting the future is always tricky, but here's what I expect to see in the San Antonio housing market in the coming months:
- Continued Price Stability:Ā I don't anticipate any dramatic price swings in either direction. Gradual appreciation is the most likely scenario. The increase in active listings may cause some dips, butĀ the prices will remain stable.
- Slightly Longer Selling Times:Ā Homes will likely take longer to sell than they did a year or two ago.
- Importance of Strategy:Ā Both buyers and sellers need to be strategic. Sellers need to price competitively and stage their homes well. Buyers need to be patient and prepared to negotiate.
Rentals in San Antonio:
If you are more keen on renting, there is some data on it as well. The average residential rental price in San Antonio is $1,922. There are about 4,402 active residential listing but these numbers do not indicate whether the rental market is hot or there is sufficient inventory.
San Antonio Housing Market Forecast 2025-2026: What's Next?
You're probably wondering what's going to happen with home prices. Well, here's the scoop: the San Antonio housing market forecastĀ indicates a continued slight downward trend in the next year, but don't expect a crash. The market is expected to correct slowly. It may provide some opportunities for buyers, but sellers might need to adjust their expectations. Let's dig into the details!
Right now, the average home value in the San Antonio-New Braunfels area is aroundĀ $286,339. That's down aboutĀ 3.3% over the last year, according to Zillow. Homes are going under contract in aboutĀ 37 days, which means the market isn't as hot as it was a couple of years ago, but it's still moving.
The Forecast:
Zillow's latest forecast gives us a glimpse into the near future. Here's what they're predicting for the San Antonio area based on their data as of June 30, 2025:
| Timeline | Predicted Change in Home Values |
|---|---|
| July 31st, 2025 | -0.5% |
| September 30th, 2025 | -1.7% |
| June 30th, 2026 (One Year) | -3.6% |
This suggests that San Antonio isn't expected to see a significant drop. Instead, it looks like a gradual correction, and a normalization of inflated prices.
How San Antonio Compares to Other Texas Markets
Let's see how San Antonio stacks up against other major Texas cities:
| City | Predicted Change by July 2025 | Predicted Change by September 2025 | Predicted Change by June 2026 |
|---|---|---|---|
| Dallas | -0.8% | -2.2% | -2.9% |
| Houston | -0.4% | -1.3% | -2.4% |
| Austin | -1.1% | -3.4% | -5.1% |
| McAllen | -0.1% | -0.4% | 0.5% |
| El Paso | -0.2% | -0.6% | 0.4% |
| Killeen | -0.4% | -1.3% | -1.6% |
| Corpus Christi | -0.6% | -2% | -5% |
| Brownsville | -0.2% | -1.1% | -0.3% |
| San Antonio | -0.5% | -1.7% | -3.6% |
As we can see, San Antonio's expected dip is somewhere in the middle. Austin, for example, is predicted to see a steeper decline. Cities like McAllen and El Paso are expected to become stable and appreciate a little bit more.
National Outlook and Mortgage Rates
Lawrence Yun, the Chief Economist at the National Association of Realtors (NAR), thinks things are looking up nationally. He believes that “brighter days may be on the horizonā. He projects the following:
- Existing home sales to increase by 6% in 2025 and 11% in 2026.
- New home sales to jump by 10% in 2025 and another 5% in 2026.
- Median home prices to increase modestly, by about 3% in 2025 and 4% in 2026.
- AverageĀ mortgage ratesĀ to be aroundĀ 6.4%Ā in the second half of 2025 and drop to aboutĀ 6.1%Ā in 2026.
While the national trends are not sharply positive they aren't predicting a sharp crash.
Will Home Prices Drop Significantly in San Antonio?
Based on the available data from reliable sources,Ā a major housing market crash in San Antonio seems unlikely. The forecasts point toward a moderate price correction and then stabilization.
However, there are other factors that can influence price increases or decreases like migration trends, job availability and the economy in general.
Looking Ahead: Possible Forecast for 2026
Predicting beyond a year is tough, but if the national trends hold, we could see the San Antonio market stabilizing sometime in 2026, possibly with a slight increase in home prices.
Final Thoughts: As someone who's been watching the real estate market, I think we're heading towards to a more balanced, dare I say normal, market. This does not mean that the current housing crunch is over, we are only talking about normalization when it comes to prices.
San Antonio Real Estate Investment: Should You Invest Here?
San Antonio is a city located in South Central Texas that has shown steady growth in its real estate market over the years. With its strong economy and affordable cost of living, San Antonio is a great place for real estate investment. Whether you are a first-time investor or an experienced one, San Antonio offers a wide range of real estate opportunities.
Top 7 reasons to invest in San Antonio for the long term:
- Strong Job Market: San Antonio's economy is diverse and has a low unemployment rate, which makes it an attractive place for job seekers. This means that the demand for housing will continue to grow, making it an ideal place for real estate investment.
- Affordable Housing: San Antonio's housing market offers affordable options for both investors and homebuyers. With a lower median home price compared to other major cities in Texas, San Antonio offers a chance for investors to buy properties at a lower cost.
- Population Growth: San Antonio is among the fastest-growing cities in the United States, with a population growth rate of 16.5% from 2010 to 2020. This population growth has resulted in a high demand for housing, which translates to a stable real estate market for investors.
- Military Presence: San Antonio is home to several military bases, which has a positive impact on the local economy. The presence of military personnel means that there is a consistent demand for housing in the area, making it an ideal place for real estate investment.
- Pro-Business Climate: San Antonio is known for its pro-business environment, which attracts new businesses and creates job opportunities. This environment helps to keep the local economy stable and supports the growth of the real estate market.
- Favorable Landlord-Tenant Laws: Texas has some of the most favorable landlord-tenant laws in the country, which can make investing in San Antonio's real estate market less risky for investors. These laws provide landlords with more control over their properties and help ensure that tenants fulfill their lease agreements.
- Strong Rental Demand: San Antonio has a strong rental market, with a vacancy rate of less than 6%. This means that there is a high demand for rental properties, which can help investors generate a steady stream of rental income.
- Appreciation Potential: San Antonio's real estate market has been appreciating steadily over the past decade, and this trend is expected to continue in the coming years. This means that investors who purchase property in San Antonio now could see their investments appreciate in value over time
- Favorable Tax Laws: Texas has favorable tax laws for real estate investors, including no state income tax and low property taxes. This can help investors save money on taxes and increase their net returns on investment.
- Tourism: San Antonio is a popular tourist destination, attracting millions of visitors each year. The city is home to several famous landmarks, including the Alamo and the River Walk, which contribute to the local economy and provide additional opportunities for real estate investment.
- Quality of Life: San Antonio offers a high quality of life with excellent schools, affordable cost of living, and a warm climate. This makes it an attractive place for families and retirees, which in turn increases the demand for housing and creates a stable real estate market for investors.
- Low Cost of Living: San Antonio's low cost of living makes it an attractive destination for residents and investors alike. The city offers affordable housing, transportation, and entertainment options, which can help investors maximize their returns.
Overall, San Antonio's growing population, diverse housing options, strong economy, and favorable landlord-tenant laws make it an attractive destination for real estate investors. With strong rental demand, appreciation potential, and favorable tax laws, San Antonio is a promising market for long-term real estate investment.
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