Market Update

San Antonio Real Estate Market Update — May 2026

Posted by Jonathan & Naomi Morris | Velvet Realty Group
San Antonio skyline at golden hour

Spring is in full swing across the San Antonio area, and the housing market is showing some encouraging signs for both buyers and sellers. Here is a breakdown of what we are seeing on the ground as we head into summer 2026.

Median Home Prices

The median listing price in the San Antonio–New Braunfels metro area came in at approximately $324,700 in April 2026, up slightly from $323,950 in March. Prices have been trending upward through the spring, which is typical seasonal behavior, but the increases remain modest. This is not a runaway market—it is a steady one.

For sellers, that means pricing competitively still matters. Overpricing in a market with more inventory is the fastest way to sit. For buyers, it means you are not facing the wild bidding wars of 2021 and 2022, but homes are not getting cheaper either.

Inventory Levels

One of the biggest shifts this year is inventory. The San Antonio market is now sitting at roughly a six-month supply, which is considered a balanced market. A year ago, we were still seeing tighter conditions in many neighborhoods.

More inventory means more choices for buyers, especially in the $250K–$400K range where a lot of the activity is concentrated. It also means sellers need to make sure their homes show well and are priced right from day one.

Days on Market

Homes in the San Antonio area are spending an average of 87 days on the market before going under contract. That is longer than the 45–60 day windows we saw during the peak pandemic years, but it is actually a healthy pace. It gives buyers time to make thoughtful decisions and gives sellers a realistic timeline to plan around.

Closed Sales

Home sales in April 2026 were up 2% compared to April 2025. That is not a dramatic jump, but it is a positive sign that activity is holding steady even with higher interest rates than a few years ago. Buyers who are financially prepared are still making moves.

What This Means for You

If you are buying: This is one of the most balanced markets San Antonio has seen in years. You have room to negotiate, more homes to choose from, and less pressure to make a split-second offer. That said, desirable homes in good neighborhoods still move quickly.

If you are selling: The market is not against you, but it is not handing you easy wins either. Staging, pricing strategy, and strong marketing all matter more now than they did two years ago. A well-prepared listing in the right price range will still attract solid offers.

If you are relocating to San Antonio: With a six-month supply and stable prices, this is a good time to get familiar with neighborhoods before making a decision. We always recommend spending time in an area before committing—and we are happy to help you do that.

Questions about what the current market means for your situation? We are always a call or text away. No pressure, no scripts—just an honest conversation about where you stand and what makes sense.