Homes prices fell 1.8% in San Antonio between January 2025 and January 2026, a rate of decline that was faster than all but seven major housing markets in the U.S. at the time.
San Antonio’s price cuts reflect broader trends in the Sun Belt
Though the decline was particularly sharp in San Antonio year over year, all major Texas markets experienced varying degrees of negative home price appreciation during that period of time, with Austin (down 0.2%) and Houston (down 0.1%) recording more modest cuts and Dallas-Fort Worth seeing a more dramatic change (down 2.6%). Outside of Miami (+2.7%), no major Sun Belt market recorded an annual increase in home prices that exceeded inflation.
San Antonio’s townhomes led the decline in pricing
Townhomes, which are few in number and average only $142,500 in San Antonio, saw significantly steeper cuts than condos and single-family homes, falling more than 36% between January 2025 and January 2026. Single-family homes recorded a year-over-year decrease that was slightly more modest than the overall housing market in San Antonio, falling 1.6%, leading to an average price just below $300,000 for that segment in January.
San Antonio remains anchored in affordability
Recent trends have reinforced San Antonio’s status as the most affordable major housing market in Texas. With an average home price of $294,500 in January, San Antonio was approximately $30,000 less expensive than the next most-affordable market in the state, Houston. Nationally, San Antonio has the sixth-lowest home prices of the nation’s 40-largest housing markets.
For questions and commentary about this report:
Danny Khalil, Associate Director of Market Analytics at CoStar and Homes.com, based in San Antonio, is available for interviews to provide expert insights on this data and the broader residential real estate market.
Danny Khalil
Associate Director of Market Analytics
Homes.com
Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all home sales are accounted for, they provide an early indication of home sale price appreciation in Seattle during January 2026.
Definition of Sale Prices
Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.
About the Homes.com Market Analytics Team
The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.
About Homes.com Analytics Data
The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.
The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.