San Antonio Housing Market

Central Texas featured the nation’s two major housing markets with the largest year-over-year decline in pricing in April: San Antonio and Austin. Buyers have not seen lower pricing at the beginning of the spring homebuying season in San Antonio since April 2021, when mortgage interest rates were near historic lows.

Falling prices throughout Central Texas indicate that sellers are accepting less for their homes. This has led to an increase in home sales throughout the region with both Austin and San Antonio ranking among the top five markets in the country in terms of their increase in closings over the past year.

The number of homes available for sale rose over the past year, indicating a buyer-friendly trend in San Antonio. At the same time, April’s pace of increase in active listings in San Antonio was below the national rate, suggesting that price cuts are convincing many buyers to purchase a home in South Central Texas. This increase in closings is taking homes off the market, while a need for liquidity on the part of many homeowners continues to provide a steady stream of new homes for sale. The net effect of these two forces is an increase in active listings, though at a slower pace than the nation as a whole.

San Antonio was the nation’s sixth-fastest growing market last year in terms of population among the nation’s 35-largest metropolitan areas, all of which contain at least two million residents. As population growth slows throughout the United States, San Antonio is likely to remain one of the faster-growing markets between now and 2030, according to Oxford Economics. In the short term, however, the market is still reeling from the slowdown in the Sun Belt, a major regional trend over the past three years.

The median home sale price in San Antonio decreased by 3.2% compared to the same time last year, while the national median price rose by 1.7%.

San Antonio median home prices decreased by $9,950 year over year on a nominal basis in April to $303,000. Meanwhile, the national median home price increased by $6,500 to $390,000.

San Antonio was the 35th highest-priced housing market among the top 40 largest markets last month. The San Antonio median home price of $303,000 was 22.3% below the national median home price. San Antonio's median home price in April compares to the market's peak of $335,000 recorded in June of 2022.

The median price of San Antonio single-family homes fell $10,000 over the past year to $305,000, while the median townhome price declined 18.5%, and the median condo price rose 52.3%.

The number of active listings in San Antonio increased by 2.6% in April compared to the same time last year, while national active listings rose by 6.3%.

San Antonio active listings rose by 413 year over year in April to 16,442 active listings. San Antonio ranked 29th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in April.

San Antonio active listings were above their pre-pandemic levels in the month of April. San Antonio active listings were 32.5% above the April 2019 total of 12,405.

San Antonio single-family active listings grew by 2.5% to 15,712 in April. In comparison, townhome active listings rose by 5.5% to 249, and condo active listings increased by 2.3% to 481.

The number of home sales in San Antonio increased by 8.2% in April compared to the same time last year, while national home sales rose by 0.6%.

San Antonio home sales increased by 151 year over year on a nominal basis in April to 1,983. For context, 1,832 sales closed in San Antonio in April 2025.

San Antonio ranked fifth for the annual change in home sales out of the top 40 U.S. markets in April on a percentage basis. This year's April increase of 8.2% compares to the 6.1% year over year decrease in April 2025.

San Antonio single-family sales increased by 7.7% in April to 1,923. In comparison, townhome sales rose by 14.3% to 24, and condo sales rose by 38.5% to 36.

For questions and commentary about this report:

Danny Khalil, 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

Director of Market Analytics

Homes.com

dkhalil@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in San Antonio during April 2026.

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.

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.

Definition of Inventory

Inventory is the number of unique active listings that were for sale 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.

Definition of Home Sales

The total number of closed home sales on the MLS during the 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.

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.