What Is the San Antonio Real Estate Market Doing Right Now?

The San Antonio real estate market in late 2025 is transitioning into a more balanced state after years of rapid appreciation and intense competition. Inventory has increased significantly, giving buyers more options and negotiating room, while home prices have softened modestly from their 2022 peaks. Whether you're a buyer looking to take advantage of improved conditions, a seller weighing your options, or a homeowner curious about your property's current value, understanding where the Greater San Antonio market stands right now is essential for making informed decisions.

Direct Answer: The San Antonio housing market is currently shifting toward buyers, with increased inventory levels hovering around six months of supply and median home prices showing slight year-over-year declines. Homes are taking longer to sell—averaging 75 to 100 days on market in many areas—and sellers are pricing more competitively to attract offers. Despite these shifts, San Antonio remains one of the most affordable major metros in Texas, with strong population growth and economic fundamentals supporting long-term stability.

Key Points at a Glance

• Median home prices in Greater San Antonio currently range from approximately $257,000 to $310,000, depending on the specific area and data source
• Inventory has risen to roughly 6.1 months of supply, indicating a more balanced market than the seller-dominated conditions of 2021-2022
• Homes are spending an average of 75 to 100 days on market, up significantly from the rapid sales pace of previous years
• Year-over-year price changes show modest softening, with some areas reporting 3% to 6% declines
• San Antonio remains more affordable than Austin and Dallas, attracting continued population growth
• Mortgage rates hovering in the 6.3% to 6.5% range continue to influence buyer affordability and decision-making
• Buyers have more negotiating power, while sellers need to price strategically and prepare homes thoroughly

Understanding the Current Market Landscape in Greater San Antonio

The San Antonio real estate market has undergone a notable recalibration since the frenetic pace of the pandemic years. During 2020 through early 2022, low interest rates, remote work flexibility, and migration from higher-cost markets created intense competition for homes across Bexar County and surrounding areas. Bidding wars were common, homes sold within days of listing, and prices climbed rapidly.

That environment has shifted considerably. The combination of higher mortgage rates and increased inventory has restored balance to the market. For buyers who felt locked out during the height of competition, current conditions offer meaningful advantages. For sellers, the adjustment requires realistic expectations and strategic preparation.

Quick Takeaway: The San Antonio market has moved from a strong seller's market to a more balanced environment where both buyers and sellers need to approach transactions thoughtfully.

Current Home Prices Across Greater San Antonio

Home prices in the Greater San Antonio metro area tell a nuanced story. The median listing price across the region sits around $299,000 as of late 2025, with the median sold price coming in slightly lower. Average sale prices, which factor in higher-end properties, run higher—around $375,000 to $380,000.

Year-over-year comparisons show modest price softening. Depending on the specific submarket, prices have declined anywhere from 3% to nearly 6% compared to the same period last year. This represents a normalization rather than a dramatic downturn. Prices remain well above pre-pandemic levels, and the market has not experienced the sharp corrections seen in some other regions.

Different areas within Greater San Antonio show varying conditions. The northwest and northeast sectors, which include communities popular with families and those seeking newer construction, have maintained relatively stable pricing. More affordable areas like Converse and some parts of southeast San Antonio have seen more pronounced adjustments. Premium neighborhoods such as Alamo Heights and parts of the Hill Country corridor have shown greater resilience.

For buyers exploring the San Antonio neighborhoods and communities, understanding these micro-market differences is crucial. A home priced appropriately in one area may be overpriced in another, even within the same general price range.

Quick Takeaway: Prices have softened modestly from 2022 peaks, but remain stable overall with significant variation by neighborhood and price point.

Inventory Levels and What They Mean for Buyers and Sellers

One of the most significant shifts in the San Antonio market has been the increase in available inventory. Active listings have climbed substantially, reaching approximately 17,000 homes across the region. This translates to roughly 6.1 months of supply—a metric that measures how long it would take to sell all current inventory at the present pace of sales.

Real estate professionals generally consider six months of inventory to represent a balanced market. Below that threshold favors sellers; above it favors buyers. San Antonio's current position right at that balance point means neither side holds a decisive advantage, though the trend has been moving toward buyer-favorable conditions.

For buyers, increased inventory means more choices and less pressure to make rushed decisions. The frantic multiple-offer scenarios that characterized 2021 and early 2022 have become far less common. Buyers can now take time to view multiple properties, compare options, and negotiate more effectively.

For sellers, the inventory increase requires adjustment. Homes that might have attracted multiple offers within days now face more competition from other listings. Pricing accurately from the start has become essential, as overpriced properties often sit on the market and eventually sell for less than they would have with proper initial pricing.

Quick Takeaway: With inventory near the six-month threshold, the market is balanced, giving buyers more options while requiring sellers to compete more directly for buyer attention.

Days on Market: What Current Timelines Tell Us

Homes in Greater San Antonio are taking longer to sell than they did during the market's peak activity. Current averages range from 75 to 100 days on market, depending on the specific area and price point. This represents a significant change from periods when well-priced homes in desirable neighborhoods sold within a week or two.

Extended days on market affects both buyer and seller strategies. For buyers, it reduces the urgency that previously led to hasty decisions and waived contingencies. There's now time to conduct thorough inspections, negotiate repairs, and ensure financing is fully in order before closing.

For sellers, longer market times mean preparing for a potentially extended sales process. Maintaining the home in showing condition, staying patient through the process, and remaining open to negotiation all become more important. The guidance in the Pricing Your San Antonio Home resource addresses how strategic pricing can help minimize days on market.

Price point matters significantly. Homes priced under $300,000 often move more quickly due to strong demand from first-time buyers and investors. Properties above $500,000 may take longer as the buyer pool narrows. Luxury homes above $1 million can remain on market for extended periods without that timeline indicating any problem with the property itself.

Quick Takeaway: Expect homes to take 75 to 100 days to sell on average, though well-priced properties in high-demand areas and price ranges may move faster.

How Interest Rates Are Shaping the Market

Mortgage interest rates remain one of the most significant factors influencing the San Antonio real estate market. With 30-year fixed rates hovering in the 6.3% to 6.5% range through late 2025, buyer purchasing power has been notably impacted compared to the sub-3% rates available in 2020 and 2021.

Higher rates have priced some buyers out of the market entirely and pushed others into lower price brackets. A buyer who qualified for a $400,000 home at 3% rates may now qualify for significantly less at current rates—or face substantially higher monthly payments to purchase the same property.

This rate environment has contributed to the market's shift toward balance. Fewer qualified buyers means less competition for available homes, which in turn has moderated price growth and given buyers more leverage in negotiations.

Looking forward, most forecasts suggest rates may ease modestly into 2026, potentially dropping into the low 6% range. Any significant rate decrease could reignite buyer demand and shift market dynamics. For now, buyers are learning to work within current rate realities, with many focusing on purchase price negotiations to offset higher borrowing costs.

Quick Takeaway: Rates in the mid-6% range have reduced buyer purchasing power but also created opportunities for those who can buy now in a less competitive environment.

San Antonio's Affordability Advantage

Despite price increases over recent years, San Antonio maintains a significant affordability advantage compared to other major Texas metros and many markets nationwide. The median home price in San Antonio runs substantially lower than in Austin, Dallas-Fort Worth, or Houston.

This affordability continues to drive population growth and migration into the region. Buyers relocating from higher-cost markets—whether California, the Northeast, or even Austin—find their housing dollars stretch considerably further in Greater San Antonio. Remote workers with location flexibility increasingly choose San Antonio for this reason.

The economic fundamentals supporting San Antonio's housing market remain strong. Major employers including USAA, H-E-B, the military installations comprising Joint Base San Antonio, and the expanding healthcare sector provide job stability. Toyota's manufacturing presence and growing tech sector activity add economic diversity.

Population projections suggest San Antonio will add approximately 80,000 new households by 2026, creating sustained housing demand. While current conditions favor buyers in the short term, this underlying demand provides support for long-term market stability and eventual price recovery.

For those deciding to buy a home in San Antonio, the combination of relative affordability and strong economic fundamentals creates a compelling case despite current interest rate challenges.

Quick Takeaway: San Antonio's lower price point compared to Austin and Dallas, combined with strong job growth and population gains, supports long-term market health.

What This Means for Buyers Right Now

Current market conditions offer buyers advantages that were simply unavailable during the peak competition years. More inventory, longer decision timeframes, and increased negotiating leverage create opportunities for those ready to purchase.

Buyers can now submit offers with appropriate contingencies—for financing, inspections, and appraisals—without fear of automatic rejection. Sellers who received multiple no-contingency offers in 2021 are now grateful for any reasonable offer. This shift protects buyers from some of the risks that came with waiving protections during the market's hottest periods.

Price negotiations have become more productive. While lowball offers still typically fail, reasonable offers below asking price now regularly lead to successful transactions. Buyers may also negotiate for seller contributions toward closing costs, rate buydowns, or repair credits.

The opportunity comes with responsibility. Buyers still need to act thoughtfully on well-priced properties in desirable areas. The market has balanced, not collapsed. Properties that offer good value, strong locations, and appropriate pricing still attract multiple interested buyers.

Quick Takeaway: Buyers benefit from more choices, better negotiating position, and the ability to maintain protective contingencies—but still need to act decisively on quality properties.

"Review update: When I said Tami would be my first call if I ever came back to Texas—I meant it. And I'm so glad I did! Coming back to the area after years away, Tami made the process of finding a new home just as smooth and stress-free as the first time I worked with her. She immediately remembered my preferences, priorities, and even small details from before, which made me feel like more than just a client. Tami's professionalism, honesty, and genuine care are unmatched. She anticipated my needs, communicated clearly, and went above and beyond to ensure every step went seamlessly—from narrowing down listings to negotiating and closing. It's rare to find someone who combines expertise, integrity, and true personal connection the way she does. After multiple experiences buying and selling with Tami over more than a decade, I can confidently say she's not just the best realtor I've worked with—she's the only one I'll ever need in Texas. Starting over a decade ago when I was on my own and clueless, Tami was very patient and walked me through the process and continued to check on me for months after. Fast forward 11 years when it was time to leave TX she answered the phone using my name and asked how I was doing. You don't see that in most places. Once the sale is over you're just a number. Not with Tami, she makes it a point to know the history. She came in and gave recommendations to get my property list ready and worked on my timeline. She secured an above asking contract in the first weekend. She is always willing to give a recommendation when needed; whether it be a painter, cleaning company, or general contractor. She gives honest feedback and always puts her client's needs first. If my career lands me back in TX again, Tami will be my first call." — Amy L.

What This Means for Sellers Right Now

Sellers entering the current market face different realities than those who listed during the 2021-2022 surge. Pricing accurately, preparing the home thoroughly, and maintaining patience throughout the process have all become more important.

The most critical factor for sellers today is pricing strategy. Overpricing leads to extended time on market, price reductions, and often a lower final sale price than a well-priced listing would have achieved initially. Working with an agent who understands current neighborhood-specific conditions is essential for establishing the right price from day one.

Home preparation matters more in a buyer's market. When buyers have multiple options, properties that show well and require minimal work stand out. Addressing deferred maintenance, decluttering, and ensuring the home photographs beautifully all contribute to attracting serious buyers.

Sellers should prepare for negotiations. Buyers are asking for concessions—repair credits, closing cost contributions, and price adjustments—with greater frequency and success. Building some flexibility into the pricing strategy allows room to negotiate while still achieving acceptable results.

The market hasn't turned against sellers entirely. Well-priced homes in desirable locations still sell, and the substantial equity many homeowners have built provides a cushion even with modest price adjustments. Sellers with realistic expectations can still achieve successful transactions.

Quick Takeaway: Sellers need to price accurately, prepare thoroughly, and remain flexible on negotiations to succeed in the current balanced market.

Questions Buyers and Sellers Often Ask

Q: Is the San Antonio market crashing? A: No. The market is experiencing a normalization from the unusually competitive conditions of 2020-2022. Prices have softened modestly, but this represents a correction toward sustainable levels rather than a crash. Fundamental factors including population growth, employment, and relative affordability continue to support the market.

Q: Should I wait for prices to drop further before buying? A: Timing the market precisely is extremely difficult. While prices may continue to soften slightly, waiting also means continuing to pay rent and potentially missing out if rates drop and competition increases. Buyers who are financially ready and find properties that meet their needs often benefit from acting rather than waiting.

Q: How should sellers handle low offers in this market? A: Rather than rejecting low offers outright, consider countering. Buyers testing the market with below-asking offers are often willing to negotiate toward reasonable terms. An initial low offer doesn't mean the buyer won't pay a fair price—it's often just a starting point.

Q: Are home values still going up anywhere in San Antonio? A: Yes. Some neighborhoods, particularly those with limited inventory, strong school districts, or unique amenities, have maintained or increased values. The metro-wide softening reflects averages that include areas with more pronounced adjustments.

Q: What's the best price range for selling quickly? A: Homes priced under $300,000 typically sell fastest due to strong demand from first-time buyers. Properties in the $300,000 to $400,000 range also move well. Higher price points require longer marketing periods.

Common Misconceptions About the Current Market

One persistent misconception is that buyers can now make dramatically low offers and expect acceptance. While the market has shifted, sellers aren't desperate. Offers 20% or more below asking typically receive no response or a firm rejection. Reasonable negotiations work; extreme lowballs don't.

Another misconception involves the assumption that all areas of Greater San Antonio are experiencing identical conditions. In reality, neighborhoods vary significantly. Certain suburbs may have oversupply issues while some urban neighborhoods remain competitive. Understanding micro-market conditions is essential.

Some sellers believe that waiting will restore the 2021-2022 seller's market. Current conditions more likely represent the new normal, at least for the near term. Sellers who need to move should work within current realities rather than waiting for conditions that may not return.

Finally, both buyers and sellers sometimes assume that online valuations accurately reflect current market conditions. Automated estimates often lag behind rapidly changing markets and can't account for property-specific factors. Professional guidance remains essential for accurate pricing.

Important Considerations for Both Buyers and Sellers

The current market rewards preparation and realistic expectations on both sides of transactions.

For buyers, getting fully pre-approved before house hunting is more important than ever. Pre-approval demonstrates seriousness to sellers and ensures you're looking at properties within your actual budget. The home buying process in San Antonio guide outlines all the steps from pre-approval through closing.

For sellers, investing in professional photography, addressing obvious repair needs, and pricing according to current comparable sales rather than past peak values all contribute to faster, more successful sales.

Both parties benefit from working with experienced local representation. The subtleties of current market conditions—which neighborhoods are holding value, where negotiation room exists, how to structure offers and counteroffers effectively—require knowledge that comes from active market participation.

"Working with Tami was an absolute pleasure from start to finish! She helped us purchase our new home in the Brookmill community and made the entire process incredibly smooth—even with us living out of state during the move from Florida to San Antonio. What really stood out about Tami was how she consistently went the extra mile to make sure everything was taken care of. She attended our home walkthroughs and closing on our behalf, kept us updated every step of the way, and made sure no detail was missed. It gave us so much peace of mind knowing she was there, looking out for our best interests. Her communication was top-notch—she was always just a quick text or call away, ready to answer any question big or small. That level of responsiveness made us feel truly supported and confident throughout the entire buying process. Overall, our experience with Tami was amazing. She's professional, caring, and genuinely dedicated to her clients. We couldn't have asked for a better realtor, and we would highly recommend her to anyone looking to buy a home in the San Antonio area!" — Jenny G.

Frequently Asked Questions

Q: What is the average home price in San Antonio right now? A: The median home price in Greater San Antonio currently ranges from approximately $257,000 to $310,000, depending on the data source and specific area. The average price, which includes higher-end properties, runs around $375,000 to $380,000. Prices vary significantly by neighborhood.

Q: How long are homes taking to sell in San Antonio? A: On average, homes in Greater San Antonio are spending 75 to 100 days on market. Well-priced properties in desirable areas may sell faster, while homes at higher price points or in areas with more inventory may take longer.

Q: Is it a buyer's market or seller's market in San Antonio right now? A: The market is currently balanced to slightly buyer-favorable. With approximately six months of inventory available, neither buyers nor sellers hold a decisive advantage, though buyers have more negotiating power than they did during 2021-2022.

Q: Are home prices expected to drop further in San Antonio? A: Most forecasts suggest prices will remain relatively stable with possible modest additional softening. A significant crash is not anticipated given strong population growth, economic fundamentals, and relative affordability. Prices may stabilize or begin modest recovery if interest rates decrease.

Q: Should I sell my home now or wait? A: The answer depends on your personal circumstances. If you need to sell for job relocation, life changes, or financial reasons, current conditions still support successful sales with proper pricing and preparation. Waiting for a return to 2021-2022 conditions may not be realistic. Consulting with a local real estate professional about your specific situation is the best approach.

The Bottom Line

The San Antonio real estate market in late 2025 has settled into a more balanced state that offers opportunities for both buyers and sellers who approach transactions strategically. Buyers benefit from increased inventory, reduced competition, and greater negotiating leverage. Sellers who price accurately and prepare their homes well can still achieve successful sales, though the days of multiple above-asking offers within hours have largely passed.

For buyers, this environment provides the chance to purchase without the pressure and compromises that characterized the market's peak. For sellers, realistic expectations and thorough preparation lead to successful outcomes. For homeowners simply curious about their property's current value, the market remains stable with strong long-term fundamentals supporting Greater San Antonio real estate.

Working with an experienced local professional who understands current neighborhood-specific conditions makes a significant difference in outcomes for both buyers and sellers navigating today's market.

About Tami Price

Tami Price is a REALTOR® and Broker Associate serving the Greater San Antonio area, including Boerne, Schertz, Cibolo, Helotes, and surrounding communities in Bexar, Comal, Guadalupe, Kendall, and Medina counties. With nearly two decades of experience and hundreds of successful transactions, she helps buyers and sellers navigate every market condition with clear guidance and dedicated support.

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Tami Price, REALTOR®, Broker Associate
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Disclaimer: This content is for educational purposes only and reflects general market conditions in Greater San Antonio at the time of writing. Real estate markets can shift quickly, and conditions vary by neighborhood, property type, and price point. Statistics cited represent available data at the time of publication and may have changed. Always consult with a licensed real estate professional for guidance specific to your situation and the most current market information.