San Antonio Housing Market Update: More Homes, More Time, and What It Means for You This Summer

The San Antonio Board of Realtors released its May 2025 market report, and the numbers tell a clear story: the local housing market is shifting toward balance, giving different groups of people very different reasons to pay attention.

Let's start with the big picture. In May 2025, 3,229 homes sold across the greater San Antonio area, a 3% dip compared to May of last year. At the same time, active listings climbed 20% to 16,482 homes, and the average days on market stretched to 72 days. Inventory now sits at 5.77 months — close to the six-month mark that many economists consider a balanced market. The median sale price rose 2% to $315,000, and the average sale price rose 2% to $378,746.

If you are shopping for a home, this is probably the most breathing room buyers have had in several years. More listings mean more choices, and 72 days on market means sellers are less likely to receive five offers by Sunday evening. Whether you are looking in Converse, Helotes, Schertz, or closer in to neighborhoods like Alamo Heights, Tobin Hill, or Stone Oak, you are more likely to find a home that fits your needs without the panic that defined the market a few years ago.

That said, prices are still rising, even if slowly. A 2% increase brings the median to $315,000, so waiting is not a guaranteed path to a lower price. Interest rates remain a real factor in monthly payments, and with summer in full swing, families hoping to get settled before the new school year — whether that is in the North East Independent School District, Northside ISD, or Comal ISD — are running short on time. If you are a buyer, the leverage is real right now. Use it. Ask for repairs, request concessions, and negotiate with confidence.

For sellers, the message is one of honest expectation-setting. Homes are taking longer to sell, and with more than 16,000 active listings competing for buyer attention, pricing accurately from day one is not just advice — it is strategy. Overpriced homes in any zip code, whether in 78258 up near Stone Oak or 78207 closer to downtown, are sitting. Buyers are doing their homework, and they have options. That does not mean this is a bad time to sell. A 2% price gain shows the market is still appreciating. But sellers who price to the current reality and present their homes well are the ones closing deals.

If you are renting or considering it, the rental side of the market offers its own set of signals. There are currently 4,140 rental listings available in the San Antonio area, and the average residential rent stands at $1,874 per month. For renters, more supply generally means more negotiating power on lease terms, move-in specials, and monthly rate. For homeowners who are thinking about holding a property as a rental, that average rent figure is worth factoring into your calculations carefully, especially as mortgage carrying costs have increased over the past few years.

Existing homeowners who are not planning to move have reason to feel steady. Values are up, not down. A 2% appreciation may feel modest compared to the dramatic gains of recent years, but steady, sustainable growth is healthier for the long-term stability of neighborhoods across Bexar County and surrounding areas like Boerne, New Braunfels, and Seguin. If you have been on the fence about refinancing, renovating, or tapping equity, having an accurate picture of what your home is worth in this market matters more than ever.

The broader takeaway from May's numbers is that San Antonio's housing market is not crashing, and it is not booming. It is recalibrating. After years of fierce competition and rapidly climbing prices, the market is finding a more sustainable rhythm. That is good news for the region's long-term health, even if it requires a mindset adjustment for anyone who got used to the frenzy.

Whether you are ready to buy your first home in a community like Cibolo or Selma, listing a property in Terrell Hills or Leon Valley, searching for a rental near UTSA or the South Texas Medical Center, or simply keeping an eye on what your current home is worth, understanding the market as it actually is — not as it was two years ago — puts you in a much stronger position to make smart decisions.

If you have questions about how these numbers apply to your specific situation, the team at 5 Star Real Estate of San Antonio is here to help you make sense of it all.