San Antonio Real Estate Market Update — April 2026

Where the San Antonio Market Stands

San Antonio's real estate market in early 2026 is a study in balance — prices have stabilized after the COVID-era run-up, buyers have regained negotiating power, and activity is picking back up. According to the San Antonio Board of Realtors (SABOR), March 2026 closed with a median home price of $317,000 and 99 average days on market — a combination that defines a genuine buyer's market.

Yet the headline number that stands out is transaction volume, which is up 10% year-over-year. More deals are getting done. That's a signal the market isn't stuck — buyers and sellers are finding common ground, just more carefully than they were in 2021.

What's Driving the Numbers

Market data review — March 2026 SABOR statistics

Inventory Is Still Elevated

San Antonio saw significant new construction between 2021 and 2023, and that supply is now working its way through the market. Buyers have more choices than they've had in years. This is the primary driver behind the 99-day DOM — homes are sitting longer because buyers aren't competing in bidding wars, they're shopping deliberately.

Interest Rates Are the Wild Card

Mortgage rates in the 6.5–7% range continue to price out first-time buyers and compress move-up demand. Sellers who bought pre-2022 with rates under 4% are reluctant to list — the "rate lock" effect is keeping natural inventory off the market, which is what's preventing prices from falling further despite elevated supply.

Foreclosure Activity Is Creeping Up

Pre-foreclosure filings across Bexar County are running higher than the same period in 2025. These aren't crisis-level numbers, but they represent real opportunities for investors — particularly properties heading to the courthouse steps at the first Tuesday auction. Homeowners in distress now have more equity than during previous downturns, which creates cleaner workout situations for all parties.

The Verdict by Who You Are

Neighborhoods to Watch

Within San Antonio, activity isn't uniform. The strongest demand continues to be in the 78254, 78249, and 78251 zip codes on the far west side — driven by proximity to JBSA-Lackland and steady military/contractor demand. Southeast SA (78220, 78222) is seeing investor activity pick up as acquisition prices have come down to ranges that support cash-flow positive rentals.

The most challenged segments are new-construction suburbs in the far northwest where builder incentives compete directly with resale, and the $400K–$550K price band which has seen the sharpest increase in days on market.

My Take Going Into Q2 2026

I expect prices to hold relatively flat through mid-2026, with modest appreciation (2–4%) in the second half if rates tick down toward 6%. Transaction volume will continue recovering — the pent-up demand is real, and buyers who've been waiting on the sidelines will start acting as they gain confidence that prices aren't falling further.

For investors, the window for acquiring distressed and below-market properties is open now. Once rates drop and competition picks back up, the easy money on the acquisition side closes with it.