San Antonio Housing Market Update May 4 - 10, 2026 | Home Prices, Rates & Trends

by Kristen Smith

San Antonio Housing Market Update

Inventory Stays High, Buyers Keep Leverage, and Mortgage Rates Ease Slightly

If you’re thinking about buying a home in San Antonio, this week’s numbers continue to show something important:

👉 Buyers still have opportunity, negotiating power, and options.

Inventory remains elevated, price reductions continue, and mortgage rates ended the week slightly lower. At the same time, buyer activity is staying strong as more families continue relocating to San Antonio.

Let’s break it down 👇

📊 San Antonio Housing Market Snapshot (May 4 – May 10)

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

6,956 active homes on the market
1,093 new listings
2,419 price reductions
863 homes pending
907 homes sold

👉 The biggest takeaway:
There are still significantly more homes available than we saw during the peak seller market years, giving buyers room to negotiate and compare options.

🏡 Home Prices This Week

From the 907 homes sold this week:

Median Sold Price: $295,000
Average Sold Price: $364,671
Median List Price: $296,999
Average Price Per Sq Ft: $176.59
Median Price Per Sq Ft: $154.97

What This Means:

✔ Median pricing dipped slightly under $300K
✔ Buyers are still finding affordability opportunities
✔ San Antonio remains more affordable than many major Texas metros

⏳ Days on Market

Median Days on Market: 58 days
Average Days on Market: 85 days

Homes are still taking time to sell overall, but desirable homes in strong locations are moving faster.

👉 Buyers still have leverage, but waiting too long on the right home can cost you.

💰 Seller Concessions Continue Helping Buyers

Average Seller Concessions: ~$10,600
Median Seller Concessions: ~$8,250

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

Many are using concessions to:

✔ Buy down their interest rate
✔ Cover closing costs
✔ Reduce cash needed at closing

📉 Mortgage Rates Update

Current mortgage rates this week:

30 Year Fixed: ~6.42%
15 Year Fixed: ~5.99%
VA Loans: ~5.95%
FHA Loans: ~5.93%

Mortgage rates ended the week slightly lower, which continues helping affordability compared to earlier this year.

👉 Combined with seller concessions, buyers are often able to structure much better monthly payments than expected.

What Relocating Buyers Need to Know About San Antonio

If you’re moving to San Antonio, here are the things that matter most right now:

1. Commute Time Can Change Everything

San Antonio is a very spread-out city.

That “20 minute drive” can quickly become 45+ minutes depending on:

Loop 1604 traffic
I-35 congestion
Highway 281 bottlenecks
School traffic patterns

👉 Buy based on commute routes, not just mileage.

2. Property Taxes Matter More Than Most Buyers Expect

This is one of the biggest surprises for relocation buyers.

Two homes with the same purchase price can have drastically different monthly payments depending on tax rates.

Some areas may be:

Around 1.7%
Others closer to 3%

👉 Always compare total monthly payment, not just price.

3. New Construction Is Still Aggressive

Builders across San Antonio continue offering:

✔ Interest rate buy downs
✔ Closing cost incentives
✔ Move-in-ready inventory

But resale homes may offer:

✔ Better lots
✔ Mature neighborhoods
✔ Lower long-term competition

4. School Districts Still Drive Demand

Areas buyers continue focusing on include:

NEISD
NISD
SCUC ISD
Comal ISD
Boerne ISD

Even if you do not have children, school zones often impact long-term resale value.

5. Military & Relocation Demand Remains Strong

San Antonio continues attracting buyers because of:

JBSA Lackland
Randolph AFB
Fort Sam Houston
Medical Center growth
Cybersecurity & tech jobs
USAA and major employers

👉 San Antonio remains one of the top relocation destinations in Texas.

My Perspective as a San Antonio Realtor & Air Force Veteran

I work with relocating families every week, and the buyers succeeding right now are the ones who:

✔ Understand how to leverage concessions
✔ Focus on location and commute
✔ Compare total monthly cost carefully
✔ Move quickly when the right home appears

This market still offers buyers opportunity, but strategy matters.