San Antonio Housing Market Report January 2026

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 housing market began the year with a slower start, as January activity reflected the typical transition out of the year-end cycle. Pending sales increased from December, while completed transactions eased, illustrating how the market often resets at the beginning of a new year. These early figures point to a market continuing to move at a deliberate pace as buyers and sellers re-engage in the months ahead.

Let's look at January’s numbers:

• Active Listings — San Antonio finished January with 15,033 active listings, 11% higher year-over-year and a 4% increase month-over-month.
• Home Prices — The median home price held at $292K, a 1% decrease year-over-year and a 5% month-over-month decrease.
• Days on Market — Homes spent an average of 98 days on market, which is 15 days longer than last year and 6 days more than December.
• Pending Sales — Pending sales totaled 2,090, decreasing 22% year-over-year but increasing 11% month-over-month.
• Closed Sales — There were 1,974 closed sales, 10% lower than a year ago and 31% lower than December.
• Housing Inventory — Inventory reached 5.49 months, which is .85 months higher than a year ago and .24 months lower than last month.
• Market Snapshot – Over 15,000 homes are on the market, selling for an average of 91% of their original list price. By contrast, Realty San Antonio Compass listings achieved 94% of their original list price and sold 18 days faster than the MLS average.

Slower January Reflects Timing, Not Demand

Seasonal factors and weather patterns across parts of the country contributed to softer early-year sales activity nationwide, according to Housingwire. Rather than signaling a pullback in demand, these disruptions largely shifted timelines.

In San Antonio, that pattern showed up in the numbers. Pending sales landed at 2,090, increasing 11% from December, while closed sales totaled 1,974, down 31% month-over-month. The contrast suggests that many transactions were simply pushed later into the pipeline. Median pricing held relatively steady, continuing the pattern of consistency the San Antonio market has maintained over the past few years.

Economic Conditions Support Buyer Confidence

The broader economic backdrop is also playing a role in how the market is unfolding this year. Inflation eased to approximately 2.4% in January, an encouraging sign that cost pressures are stabilizing, based on recent data. At the same time, job growth continued to outperform expectations, reinforcing household confidence and financial security. For housing, this kind of consistency can matter as much as pricing. Analysts point to steady economic conditions helping release pent up demand as buyers adjust to a more predictable environment.

Mortgage Rates Low & Steady

Mortgage rates have remained relatively stable to start the year, a notable shift from the volatility buyers experienced over the past several years. Recent reporting shows the average lender held rates essentially unchanged at the start of the week, keeping them in line with the lowest levels seen in more than three years. 

The current average for a 30 year fixed rate mortgage is hovering around 6.04%, reflecting this period of relative consistency. This steadier rate environment is helping restore a sense of predictability to the home search process. When borrowing costs move within a narrower range, buyers are better able to plan, compare options, and make decisions without reacting to sudden market swings. Additional housing industry coverage notes that stable rate conditions are supporting demand as affordability and purchasing power gradually improve. As we move closer to the spring market, more consistent mortgage pricing is expected to support continued activity, even if rates do  not decline significantly. 

A Strategic Pre-Market Option for Sellers

With homes averaging 98 days on market in January, transaction timelines have extended compared to last year, reflecting a market where buyers are taking additional time to move from search to contract. This type of environment is giving homeowners additional opportunities to think strategically about how and when their property is introduced to buyers. 

One option for some sellers working with Realty San Antonio Compass Agents is Private Exclusives, which introduces a home to buyers in stages rather than launching directly onto the MLS. The first phase, Compass Private Exclusive, allows the property to be shared with a nationwide network of more than 34,000 Compass agents and their clients to gather early feedback and interest while maintaining privacy. Later phases expand visibility through Compass Coming Soon and then a full public launch, using insights gained along the way to position the home effectively when it goes live. Realty San Antonio Compass notes that pre-marketed listings can go 20% faster to contract, generate significantly more inquiries, and build momentum before accumulating public days on market.

Your Move, Your Timeline

Real estate decisions are often tied to life changes, new opportunities, and moments that matter most. If you are planning a move soon or just beginning to think about what comes next, connecting with a Realty San Antonio Compass advisor can help you explore your options and build a plan that fits your goals. Our agents are here to offer guidance, insight, and support so you can make a move that feels right for you, whenever that time comes.

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