San Antonio Housing Market Report July 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 offered buyers one of the widest selections in recent years, with more than 17,000 active listings in July. The median home price edged up 4% from a year ago to $330K, reflecting gradual growth as inventory continues to expand. With a larger pool of homes to choose from and mortgage rate shifts still in play, the market is evolving in a way that could support steady momentum through the remainder of the year.

Let’s look at July’s numbers:

• Active Listings Grow — July ended with 17,131 active listings, up 14% from last year and a 3% increase from June.
• Price Growth Remains Steady — The median price reached $330K, marking a 4% increase year over year and up 1% compared to the previous month.
• Days on Market Increases — Homes spent an average of 74 days on the market, up 11 days from last year and down one day from June.
• Fewer Contracts — Pending sales totaled 2,288, down 24% year over year and down 9% from the previous month.
• Closed Sales Ease — There were 2,915 closed sales in July, down 10% year over year and down 3% compared to June.
• Inventory Levels Rise — July’s inventory reached 6.12 months, up 0.24 months from June and up 0.72 months from last year. 
• Market Snapshot – Over 17,000 homes are on the market, selling for an average of 93.9% of their original list price. Realty San Antonio Compass listings, achieving 96.79% of their original list price.

Mortgage Rates Reach 2025 Lows

The average 30-year fixed mortgage rate fell to 6.58% in July, the lowest weekly average since October of last year, according to Freddie Mac. Some lenders briefly offered rates as low as 6.53%, a new year-to-date low reported by the Wall Street Journal. The drop has already sparked a surge in refinancing, with applications jumping more than 23% in a single week as homeowners rushed to take advantage, according to MarketWatch. Inflation also held steady in July, with the Consumer Price Index only rising 2.7% year over year, a sign that price growth is not accelerating. Together, steady inflation and easing rates are giving buyers more confidence, reflected in pending contracts that climbed more than 15% compared to last year. If rates continue to ease into the fall, the typically slower season may see unusual momentum as more buyers reenter the market.

"All eyes are on what the Federal Reserve does next, since even a small adjustment could shift the path of mortgage rates. As we head into the fall, those decisions will play a big role in shaping how active the market becomes.” - John Coake, Senior Vice President at Realty San Antonio Compass.

Employment Growth Supports Housing

Taking advantage of lower rates depends on steady income, and Texas continues to deliver on the jobs front. In July, the state added 8,700 nonfarm jobs, bringing total employment to 14,333,800, according to the Texas Workforce Commission. Over the past year, Texas gained 232,500 jobs, a growth rate of 1.6% that outpaces the national average. The statewide unemployment rate remained steady at 4%, despite national reports indicating slower hiring and an increase in unemployment claims.

Closer to home, the San Antonio-New Braunfels metro area recorded an unemployment rate of 3.9% in July, slightly higher than in June but below the 4.1% mark from a year earlier, according to Workforce Solutions Alamo. Nonfarm payrolls in the metro reached about 1.209 million jobs in June, reflecting a 1.9% increase from the previous year based on Bureau of Labor Statistics data. This combination of statewide growth and local job gains continues to support housing demand in the San Antonio area.

Affordability Shapes Buyer Activity

Affordability remains a key factor in San Antonio’s housing market. The median home price reached $330K in July, up 4% from last year. At the same time, inventory also grew to 6.12 months of supply, which the Real Estate Center at Texas A&M reports is the highest level in the San Antonio-New Braunfels area since 2012. Homes spent an average of 74 days on the market, reflecting the slower pace at which sales are closing. Together, these trends highlight how rising prices and increasing supply are shaping buyer behavior in today’s market.

"Affordability is still the biggest factor in today’s market. Even with prices holding steady, shifts in mortgage rates will determine how far a buyer’s budget can stretch this fall. Our goal is to help clients find the best fit within their means, no matter how the market shifts." - Jennifer Korba, Senior Agent Success Manager at Realty San Antonio Compass

Exploring San Antonio Communities

San Antonio’s growth is shining a spotlight on both its surrounding suburbs and established city neighborhoods. Suburbs such as Alamo Heights, Stone Oak, Helotes, Boerne, and Schertz continue to attract families and professionals with strong schools, easy commutes, and a variety of housing options. Recent rankings from Niche highlight these areas among the best for families in the metro, reinforcing their appeal for long-term living. For those considering city life, our guide to neighborhoods in San Antonio for first-time homebuyers covers communities that balance affordability with convenience. You can also explore additional area insights through the San Antonio suburb city guide, which provides an overview of what makes each community unique.

Inspiring Your Next Move

Opportunity is expanding across the San Antonio area with steady home prices and a wide range of neighborhoods to explore. At Realty San Antonio Compass, we believe every move begins with a vision for the life you want to build. Meet our agents or browse the newest listings to start your journey today.

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.