San Antonio Housing Market Update (April 27 – May 3, 2026)

More Inventory, More Pending Sales, and Buyer Opportunity Still Strong

If you’re thinking about buying a home in San Antonio, this past week showed something important:

👉 Buyers are still in a strong position, but activity is picking up.

Inventory rose again, pending sales increased, and mortgage rates dipped slightly. That means opportunity still exists, but the best homes are attracting attention faster.

If you’re relocating to San Antonio, this is the kind of market where having a plan matters.

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📊 San Antonio Housing Market Snapshot (April 27 – May 3)

Here’s what happened this week in the single family market:

• 7,106 active homes on the market

• 1,137 new listings

• 2,638 price reductions

• 931 homes pending

• 819 homes sold

👉 The biggest takeaway:

There are still plenty of homes to choose from, but buyer activity increased significantly with 931 pending sales.

That tells us serious buyers are moving now.

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🏡 Home Prices This Week

From the 819 homes sold:

• Median Sold Price: $320,000

• Average Sold Price: $393,470

• Median List Price: $324,800

• Average Price Per Sq Ft: $181.78

• Median Price Per Sq Ft: $161

What This Means:

✔ Median pricing moved up this week
✔ Buyers are still purchasing across multiple price points
✔ Strong homes in desirable areas are still commanding attention

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⏳ Days on Market

• Median Days on Market: 64 days

• Average Days on Market: 96 days

Homes are still taking time to sell overall, but the best homes are moving faster than the averages suggest.

👉 Buyers still have time to negotiate in many cases, but hesitation on standout homes can cost you.

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💰 Seller Concessions Remain Strong

• Average Seller Concessions: $13,258

• Median Seller Concessions: $9,000

This continues to be one of the biggest opportunities for buyers.

Many are using concessions to:

✔ Buy down their interest rate
✔ Cover closing costs
✔ Preserve cash reserves after closing

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📉 Mortgage Rates Update

Current rates this week:

• 30 Year Fixed: ~6.44%

• 15 Year Fixed: ~6.01%

• VA Loans: ~5.94%

• FHA Loans: ~5.92%

Rates improved slightly, helping keep buyers active.

👉 When paired with concessions, many buyers are creating better monthly payments than headlines would suggest.

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What Relocating Buyers Need to Know About San Antonio

1. Commute Time Matters More Than Miles

San Antonio is geographically large.

A 15 mile drive can be easy in one direction and frustrating in another depending on:

• Loop 1604 traffic

• I-35 congestion

• Highway 281 bottlenecks

• Time of day

👉 Buy based on route, not just distance.

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2. Property Taxes Can Change Affordability Fast

Two similarly priced homes can have very different monthly payments because tax rates vary by area.

Some communities may be near 2 percent while others are closer to 3 percent or more with added districts/fees.

👉 Always compare total monthly payment, not just price.

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3. New Construction Is Still Competing Hard

San Antonio remains one of the strongest new build markets in the country.

Builders may offer:

✔ Rate buy downs
✔ Closing cost assistance
✔ Appliance packages
✔ Quick move in homes

But resale homes may offer:

✔ Better lot sizes
✔ Mature neighborhoods
✔ Established trees and amenities

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4. School Zones Matter Even if You Don’t Have Kids

Popular districts often help resale value.

Areas many buyers research include:

• NEISD

• NISD

• Comal ISD

• SCUC ISD

• Boerne ISD

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5. Military and Job Relocation Continue to Drive Demand

San Antonio remains a major relocation city because of:

• JBSA Lackland

• Randolph

• Fort Sam Houston

• USAA

• Medical Center employers

• Tech and cybersecurity growth

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My Take as a San Antonio Realtor & Air Force Veteran

I help relocating buyers every week, and right now the winners are the people who:

✔ Understand how to use concessions
✔ Move quickly on the right home
✔ Choose location strategically
✔ Think beyond price alone

This market still offers leverage, but momentum is building.

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Bottom Line

For the week of April 27 – May 3:

• Inventory remains high

• Pending sales jumped

• Price reductions remain strong

• Concessions are still valuable

• Rates dipped slightly

👉 Buyers still have opportunity, but competition is improving.

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Planning a Move to San Antonio?

If you need help with:

• Best areas for your commute

• Understanding taxes and monthly payment

• VA loan strategy

• Choosing between new build vs resale

• Negotiating the best deal

Reach out anytime.

Kristen Smith, Realtor
San Antonio’s Veteran Realtor