San Antonio Home Prices Jump 6.2% Over Last Year, Outpacing National Growth

San Antonio’s housing market posted a 6.2% increase in median single-family sale prices for the second quarter of 2026 compared to Q2 last year, the biggest annual rise since 2022. According to new figures released Wednesday by the San Antonio Board of Realtors (SABOR), the city’s median price rose to $334,500, inching closer to the highs seen in Austin but still well below Dallas and Houston averages.

Pace Picks Up After 2025 Slowdown

The renewed price growth comes after a tepid 2025, marked by high mortgage rates and buyer hesitation. As interest rates eased this spring—the average 30-year fixed dropped below 6% in May—pent-up demand returned to neighborhoods from Alamo Heights to the far West Side. Brokers say the shift is visible in competitive bidding for historic homes along King William Street and freshly built townhouses in Stone Oak.

Why does a price jump matter now? Spring 2026 brought more listings—inventory in Bexar County is up 18% from last summer, per SABOR—but also a cluster of new buyers. The city’s continued job growth, highlighted by the expansion of Frost Bank at its Houston Street headquarters and the ongoing UT Health San Antonio biomedical campus build-out, is putting additional upward pressure on asking prices. Renters in Southtown and families in the Northside ISD zone are finding fewer bargains.

Neighborhood Standouts and Local Numbers

Among the city’s standout performers: Southtown notched an 8.7% year-on-year increase for single-family homes, with median prices hitting $457,000. Stone Oak, the sprawling northern suburb just off Highway 281, saw its median climb to $495,200, up 10% from the same period last year. More affordable areas, like the Highland Park ZIP along East Commerce Street, are still rising—averaging a median of $249,000, a 4% annual gain.

Condo and townhouse sales have also picked up, fueled by first-time buyers. The Pearl District reported a record 67 closed condo sales in June alone, at a median price of $402,000, according to data from CORE San Antonio. The city’s undersupplied market still favours sellers, but those relying on new construction—especially in the Vance Jackson corridor—are seeing longer listing times as builders clear backlogs.

Across Bexar County, the total number of closed sales this quarter landed at 6,592, marking a 12% uptick over Q2 2025. Days on market fell to an average 34 days, down from 49 last year. Price per square foot citywide reached $181—still a bargain compared to Houston’s $220 or Austin’s $313, but climbing steadily.

What Buyers and Sellers Can Expect Next

Looking ahead, analysts with the Texas Real Estate Research Center predict the pace of price increases will likely moderate if interest rates edge back up later in 2026. For now, local advisers recommend buyers lock in fixed rates where possible and consider smaller neighbourhoods like Woodlawn Lake or Dignowity Hill for more value. Sellers are urged to act quickly if contemplating a move—especially in saturated segments like North Central—before more homes hit the fall market.

Open houses this summer are already drawing long lines on Beacon Avenue and in neighborhoods near Brackenridge Park. For San Antonians hoping to buy or sell, this quarter’s numbers are a reality check: demand isn’t going anywhere, and neither are higher prices.