San Antonio Housing Market Report December 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.

The San Antonio market closed out 2025 with favorable conditions for affordability driven by softer price trends, elevated inventory, and strong closing activity. National reports show affordability improving as borrowing costs ease and wages rise, while locally, San Antonio continues to offer some of the most appealing price points among major Texas metros. As we move into early 2026, these factors are shaping how buyers and sellers evaluate timing, strategy, and available housing options.

Let's look at December’s numbers:

• Active Listings — San Antonio finished December with 14,441 active listings, 8% higher year-over-year and lower by 10% month-over-month.
• Home Prices — The median home price held at $309K, a 2% decrease year-over-year and a 1% month-over-month decrease.
• Days on Market — Homes spent an average of 92 days on market, which is 13 days longer than last year and 6 days more than November.
• Pending Sales — Pending sales totaled 1,874, falling 11% year-over-year and 11% month-over-month.
• Closed Sales — There were 2,854 closed sales, 8% higher than a year ago and 29% higher than in November.
• Housing Inventory — Inventory reached 5.2 months, which is 1 month higher than a year ago and 1 month lower than last month.
• Market Snapshot – Over 14,000 homes are on the market, selling for an average of 91% of their original list price. By contrast, Realty San Antonio Compass listings achieved 98% of their original list price and sold 17 days faster than the MLS average.

Prices and Affordability

San Antonio’s median home price held at $309K in December, softening slightly from both last month and last year. This moderated pricing reflects a market where buyers have increased leverage, with more opportunities to compare homes and negotiate terms. Local agents are emphasizing that competitive pricing has become increasingly important in a market that favors buyers, according to KSAT’s reporting on San Antonio’s cooling real estate market.

Affordability remains one of San Antonio’s significant advantages at the state level. While other Texas metros saw faster price growth over the last several years, San Antonio’s price points have supported continued interest from relocating households and first-time buyers.

Inventory and Supply

San Antonio carried 5.2 months of inventory in December, a level that reflects a market where buyers have more options and less competitive pressure than in previous years. Inventory dipped month-to-month due to seasonal timing, but overall supply remained elevated enough to keep the market moving.

Closed sales rose 29% month-over-month and 8% year-over-year. These patterns align with observations that buyers remain active when value and timing align, particularly at price points below the metro median. In a broader context, statewide housing forecasts from the Texas Real Estate Research Center note that many Texas markets are working through higher inventory levels as conditions normalize, which supports the idea that San Antonio’s current supply is part of a wider shift toward more choice for buyers.

Market Timelines and Buyer Activity

Homes spent an average of 92 days on market, the longest timeline reported in several years, and a clear indicator of more deliberate buyer behavior. Even so, the market continued to record consistent closings, showing that qualified buyers remained engaged rather than falling out of the funnel.

Local reporting notes that San Antonio’s conditions are still favorable to buyers, who benefit from both price positioning and inventory depth. According to Texas Public Radio’s reporting on 2026 housing conditions, buyer advantages seen in late 2025 may continue into early 2026 as mortgage rates moderate and inventory remains stable. This means longer days on market are not a sign of disappearing demand, but rather buyers taking time to evaluate options and financing.

Outlook for Early 2026

Looking ahead to the first quarter of 2026, several national housing outlooks point to conditions that could support continued activity. Housing economists cited by Keeping Current Matters expect easing mortgage rates and moderated price growth to support more achievable homeownership in 2026. For a market like San Antonio, where median prices sit well below the national average, these conditions suggest that buyer demand could remain durable without creating the rapid price escalation seen in previous cycles. Together, these trends point to a 2026 environment that favors measured activity, improved affordability, and gradual momentum rather than volatility.

Planning Your Next Move

For those thinking about what comes next, today’s market offers more information and fewer surprises than in recent years. Current conditions give buyers and sellers more time to review options, understand the numbers, and plan with confidence. Buyers benefit from elevated inventory and realistic pricing, while sellers who align with current market expectations continue to see consistent closings. With mortgage rates expected to moderate and economic fundamentals supporting housing demand, the year ahead offers opportunities for households with diverse timelines and goals. Connect with one of our trusted real estate advisors for help understanding how these trends apply in your part of the market.

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