San Antonio, TX Housing Market Report

The San Antonio-New Braunfels housing market is currently experiencing a definitive shift toward a buyer-friendly environment as of December 2025. With active inventory surging by 11.28 percent year-over-year to 12,650 units, prospective homeowners have significantly more leverage than they did in previous years. This increase in supply, coupled with a median sale-to-list ratio of 0.98, suggests that sellers are increasingly willing to negotiate on price and terms to close deals in a cooling climate.

Price trends have shown a consistent downward trajectory over the latter half of 2025. Since July, the median home value has declined every month, settling at $244,959 in December. This represents a 3.06 percent decrease compared to the previous year. The primary drivers of this cooling include the substantial rise in inventory and a slower pace of sales, as evidenced by homes spending an average of 109 days on the market—a 15-day increase over last year. This stagnation indicates that demand is not currently keeping pace with the influx of new listings.

Looking ahead, the San Antonio market offers a unique window of opportunity for buyers who were previously priced out. With prices softening and properties sitting longer, buyers can afford to be more selective and aggressive with their offers. For sellers, the current outlook necessitates realistic pricing strategies and patience. Properties that are not priced competitively or lack modern appeal may face extended listing periods. As we move into 2026, the market is expected to remain stabilized, favoring those with the capital to invest while the inventory remains high and competition remains relatively low.