San Antonio Housing Market Report August 2025

Staying informed about the San Antonio housing market is crucial, whether you're looking to buy or sell. See what’s happening in the San Antonio housing market and how broader economic trends and local activity are creating a more balanced and confident real estate environment.

San Antonio’s housing market saw more opportunity in August, with 17,043 active listings, up 15% from last year. The median price held at $310K, up 2% annually, while homes averaged 74 days on the market. Combined with mortgage rates near their lowest point of the year, conditions are creating more options and encouraging buyers heading into fall.

Let's look at August numbers, which show mixed signals across the market:

• Listings Hold Strong — San Antonio finished August with 17,043 active listings, up 15% from last year and nearly unchanged from July.
• Median Price Steady — August’s median home price reached $310K, rising 2% year-over-year but dipping 6% from last month.
• Time on Market Rises — Homes averaged 74 days on the market, up 9 days from last year, with no change from July.
• Contracts Rebound — Pending sales hit 2,459, a 7% jump from last month.
• Closed Sales Hold — 2,952 sales closed in August, down 7% from last year but up 1% from July.
• Stable Inventory Levels — August ended with 6.10 months of supply, virtually the same as July and up 0.84 annually.
• Market Snapshot – Over 17,000 homes are on the market, selling for an average of 91.4% of their original list price. Realty San Antonio Compass listings, achieving 97.8% of their original list price and sold 28 days faster than the MLS average.

Mortgage Rates Shift After Fed Cut

Mortgage rates moved sharply after the Federal Reserve cut rates for the first time in 2025. Rates briefly dipped below 6.2% before climbing by 15 basis points after Chair Powell’s press conference. Even with the swings, rates are still near their lowest point this year, giving buyers a chance to secure better financing. Mortgage Bankers Association data shows purchase applications are up 20% compared to last year, signaling that many buyers are acting before rates turn higher.

“Mortgage rates near their yearly lows are opening the door for buyers who were on the sidelines earlier this year. The next few months may be the chance to find the right home before competition picks up again.” - John Coake, Senior Vice President at Realty San Antonio Compass.

Buyers Gain Opportunity as Rates Ease

Inventory reached 6.1 months in August with more than 17,000 homes available, according to SABOR data. Together with mortgage rates near their lowest point this year, buyers have more choices and negotiating power than they have had in months. Pending sales climbed 7% from July, suggesting that many buyers are already stepping back in to take advantage of these conditions to buy a home.

“Buyer interest is returning, and those who make a move this fall may find motivated sellers and more room to negotiate.” – Jennifer Korba, Senior Agent Success Manager at Realty San Antonio Compass

Property Tax Relief Adds to Positive Outlook

Along with lower mortgage rates and improving buyer activity, Texas homeowners could soon see relief on their property tax bills. Lawmakers approved a plan to raise the school district homestead exemption from $100,000 to $140,000, with higher exemptions for seniors and people with disabilities. The proposal heads to voters in November and, if approved, would apply retroactively to the 2025 tax year. This combination of easing rates and potential tax savings may give buyers and sellers more confidence heading into 2026.

Opportunity Knocks for Fall Sellers
San Antonio recorded 2,952 closed sales in August, up 1% from July. Texas Real Estate Research Center, showing that buyers are stepping back in as rates ease. Sellers who list this fall may benefit from serious buyers eager to close before year-end, helping maintain steady market activity even as inventory rises.

Your San Antonio Advantage

Opportunity is growing across San Antonio as rates stay near yearly lows and more homes hit the market, creating a great moment to make your move. Realty San Antonio Compass is ready to help you find the home that sets the stage for your next chapter. 

For the latest market updates, follow us on social media @realtysanantoniocompass. Subscribe to our market newsletter by clicking "sign up" in the top right corner of our website.