San Antonio Housing Market

San Antonio’s median sale price of $295,000 was significantly below the U.S. average of $375,885 in February, a gap that has been further cemented by an outsized decline of 1.7% year over year.

Sale prices in San Antonio decreased year over year, reflecting the declines in pricing that all major Texas markets have faced in recent months. Detached homes and condos reported decreases of 1.2% and 9.0% year over year, respectively. Though attached homes showed an increase from February to February, the broader market is dominated by the single-family segment, and the larger picture remains one of a slowdown. Compared to several Midwestern and northern markets, which have actually seen appreciation over the past year, the cooling trend in San Antonio highlights issues with demand as 2026 heads into the spring homebuying season.

Active inventory in San Antonio increased at a moderate 4.4% between February 2025 and February 2026, trailing the both the U.S. and more northern markets such as Washington, D.C., Detroit, and Pittsburgh. The city’s ranking and property type breakdown show that supply growth was concentrated in attached homes and condos in February. In contrast to the uptick among less common property types, detached home inventory decreased by 2.1% in San Antonio, indicating slightly less inventory for sale in the largest component of the local housing market. On the whole, the increase in listings was modest, but a clear shift that favors buyers in the housing market of early 2026.

Home sales in San Antonio decreased by 4.2% year over year, echoing regional trends and even those outside of the Sun Belt. Detached, attached, and condo sales all declined, with attached and condo sales posting the largest drops. With relatively higher interest rates, and less robust population growth in Texas markets such as San Antonio over the past year, the local market may be poised for a sluggish start to the spring homebuying season in 2026.

Home prices were in retreat in San Antonio between February 2025 and February 2026, indicating a shift that further favored buyers.

The median sale price in San Antonio was $295,000 in February, reflecting a downward trend over the course of the preceding 12-month period. This change marked a decrease of 1.7% year over year, indicating broad-based cooling in the market. The U.S. median sale price was $375,885 at the time, well above that of South Central Texas.

San Antonio's position as 35th in the U.S. for median sale prices highlighted the continuation of its affordability compared to other metropolitan areas. Nationally, the annual change in sale prices was slightly positive at 0.2% percent. San Antonio's year-over-year change, on the other hand, was negative from February to February. This ranking underscored the city's competitive pricing in the broader U.S. context, as well as trends throughout the Sun Belt in early 2026.

Detached homes in San Antonio had a median sale price of $298,495 in February, slightly above the metropolitan area’s average for all residential property types. At the same time, attached homes were at $205,000 and condos were closer to $177,500. Detached homes decreased by 1.2% year over year, attached homes increased by 15.5%, and condos decreased by 9.0%. These figures showed distinct trends that reflect San Antonio’s orientation around single-family homes.

An increase in listing was more moderate than the price declines in South Central Texas over the past year, even if both trends point towards a shift that favors buyers.

San Antonio reported 14,032 active listings in February 2026, which was the 13th-highest figure of any major housing market in the U.S. at the time. These 14,032 units marked a relatively modest increase of approximately 4.4% year over year. This growth in inventory signaled a shift toward a buyer’s market. The U.S. overall saw a 14.2% increase in active listings, which was notably higher than San Antonio's rate of listings at the time, indicating a more profound shift nationally than locally.

Northern and Midwestern markets such as Detroit, Pittsburgh, and Seattle reported more pronounced increases in active listings compared to San Antonio and most of Texas over the past year. There has also been a divergence between the southern portion of the Sun Belt and its northern half, which includes states such as North Carolina, Oklahoma, and the District of Columbia.

Detached homes account for 13,374 listings, attached homes for 203 listings, and condos for 455 listings. San Antonio continued as a single-family-oriented housing market, by and large. Detached inventory decreased by 2.1% year over year while attached homes increased by 16.7% and condo listings grew by 23%. These numbers reflected shifting supply dynamics across different housing segments in South Central Texas at this time, with the overall picture being one of a moderate slowdown.

All three major residential property types recorded fewer closings in San Antonio for February 2026 than they did for February 2025.

San Antonio recorded only 1,284 home sales in February 2026, representing a decrease of 4.2% year over year. This downward trend illustrates a slowdown in buyer activity compared to the prior year. The broader Sun Belt region has been in a slowdown over the past year, and San Antonio has proven to be no exception. Nationally, the U.S. experienced 3.7% decrease in home sales.

San Antonio’s home sales activity placed it 35thamong U.S. cities in February, which marks an underperformance relative to the size of the local housing market. San Antonio is the nation’s 24th-largest metropolitan area. At the same time, the decrease in sales is consistent with the broader national trend, even if San Antonio’s decline is larger than that of the U.S. as a whole.

Detached homes represented 1,256 sales in February. Attached homes amounted to only 12 sales that month, a reflection of both a decrease in buying and selling as well as their small share of the overall housing market in San Antonio. Condos also produced very few sales in February, with only 16 transactions taking place for that property type. Detached homes decreased by 3.8% year over year, attached homes decreased by 14.3%, and condos decreased by 23.8%.

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 February 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.