San Antonio Housing Market Sees Inventory Growth and Slight Price Gains in May

The San Antonio housing market showed signs of shifting in May 2025, with rising inventory and softening sales, according to the San Antonio Board of REALTORS® (SABOR).

A total of 3,229 homes were sold, marking a 3% year-over-year (YoY) decline. Despite fewer sales, home prices inched up, with the median price rising to $315,000 (+2%) and the average price reaching $378,746 (+2%). This suggests continued buyer interest, especially in higher price ranges.

Buyers saw significantly more choices, as active listings jumped 20% YoY to 16,482. New listings held steady with a 1% increase, while pending sales dropped 16%, reflecting buyer caution. Inventory reached 5.77 months, approaching a balanced market.

Additional Market Highlights (May 2025):

• Homes sold for 93.6% of their original list price

• Average days on market: 72 (+3% YoY)

• Price per square foot: $176 (-1% YoY)

• Average rent: $1,874

• Available rental listings: 4,140

Bexar County Snapshot:

• 2,123 homes sold (-4.6% YoY)

• Median price: $295,000 (-1.7% YoY)

• Average price: $351,142 (-0.4% YoY)

• Days on market: 66

• Inventory: 5.1 months

Statewide, Texas home sales rose 1.2% YoY, though prices remained mostly flat.

Bottom Line: While sales are easing, growing inventory and steady prices create opportunities for both buyers and sellers—especially those who price strategically in today’s more competitive landscape.