San Antonio, October 21, 2025
News Summary
San Antonio’s housing market is experiencing notable challenges as home values decline sharply due to rising interest rates and recession fears. Since 2022, home values in the area have dropped by 9.7%, marking the fifth-steepest decline among major U.S. markets. Year-over-year prices have decreased by 3.1%, with home sales dropping by 10% in July compared to the previous year. Despite these declines, San Antonio’s median home price remains competitive at $330,000, which is more affordable than other Texas metropolitan areas.
San Antonio is facing significant challenges in its housing market as home values decline sharply amid increasing interest rates and growing recession fears. Since the peak of the housing market in 2022, the metro area has recorded a remarkable 9.7% drop in home values, ranking as the fifth-steepest decline among the 50 largest housing markets in the U.S.
Year-over-year, home prices in San Antonio have decreased by 3.1%, with September 2023 reflecting a monthly reduction of 0.6% in home prices. These trends closely mirror those of other cities, such as Austin, which has suffered the worst downturn in the nation, experiencing a 25.2% decrease since the peak. Other notable cities with significant declines include New Orleans at -13.8%, San Francisco/Bay Area at -12.6%, and Phoenix at -11.2%.
The steep decline in home prices in the Sunbelt region is reminiscent of the 2008 financial crisis, raising concerns among homebuyers and sellers alike. Currently, economic conditions are compounded by rising recession fears and persistently high interest rates, with the average 30-year fixed mortgage rate at 6.27%, the highest since 2007.
Home sales in San Antonio have also taken a hit, seeing a 10% drop in July compared to the previous year. Despite this downturn in sales, the median home price increased by 4% year-over-year, reaching $330,000 as of July. Active listings in San Antonio saw a 14% increase, totaling 17,131 properties in July. The housing market is notably shifting towards buyers, with the average days on the market extending to 74 days, marking a 16% increase compared to last year. Meanwhile, pending sales have dropped by 24%, indicating hesitation among prospective buyers.
San Antonio’s housing market remains more affordable than other large Texas metropolitan areas. For example, the median price in Travis County is $560,000, in Dallas County it stands at $390,000, and in Harris County, the median price is $330,000.
Looking ahead, builders and sellers are anticipating future buying opportunities as market dynamics continue to evolve and inventory increases. The trends within the San Antonio housing market reflect a broader economic landscape, suggesting a period of uncertainty and caution among potential buyers and sellers.
What is the decline in home values in San Antonio?
The San Antonio metro area has seen a 9.7% drop in home values since the peak of the housing market in 2022, ranking as the fifth-steepest decline among the 50 largest housing markets in the U.S.
How do home prices compare year-over-year?
Year-over-year home prices in the San Antonio area have decreased by 3.1%.
What have been the average days on the market in San Antonio?
The average days on the market have increased to 74 days, a 16% increase from last year.
How does San Antonio’s median home price compare with other Texas metropolitan areas?
San Antonio’s median home price is $330,000, more affordable than Travis County ($560,000) and Dallas County ($390,000).
| City | Home Price Change Since 2022 Peak |
|---|---|
| San Antonio | -9.7% |
| Austin | -25.2% |
| New Orleans | -13.8% |
| San Francisco/Bay Area | -12.6% |
| Phoenix | -11.2% |
| Month | Event | Status/Source |
|---|---|---|
| July 2023 | Home sales decline by 10% compared to the previous year. | Notable |
| July 2023 | Active listings increase by 14%, totaling 17,131 properties. | Notable |
| September 2023 | Month-to-month reduction in home prices of 0.6%. | Status |
| 2022 Peak | Home prices peak. | Reference |
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Additional Resources
- The Statesman
- Wikipedia: San Antonio
- San Antonio Current
- Google Search: San Antonio Housing Market 2023
- CultureMap San Antonio
- Google Scholar: San Antonio Real Estate 2023
- Community Impact
- Encyclopedia Britannica: Texas Housing Market
- Norada Real Estate
- Google News: San Antonio Real Estate News
Author: STAFF HERE SAN ANTONIO WRITER
The SAN ANTONIO STAFF WRITER represents the experienced team at HERESanAntonio.com, your go-to source for actionable local news and information in San Antonio, Bexar County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Fiesta San Antonio, San Antonio Stock Show & Rodeo, and Dia de los Muertos. Our coverage extends to key organizations like the Greater San Antonio Chamber of Commerce and United Way of San Antonio and Bexar County, plus leading businesses in retail, insurance, and energy that power the local economy such as H-E-B, USAA, and Valero Energy. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREDallas.com, and HEREHouston.com, we provide comprehensive, credible insights into Texas's dynamic landscape.