Source: San Antonio Board of REALTORS® (SABOR)
The San Antonio housing market continued to show steady, balanced conditions in March 2026, with increased sales activity and stable pricing creating opportunities for both buyers and sellers. According to the latest Multiple Listing Service report from the San Antonio Board of REALTORS® (SABOR), the market remains healthy, with inventory expanding and demand holding strong.
In March, 3,100 homes were sold, marking a 10 percent year-over-year increase and signaling continued buyer interest across the region. Home prices remained steady overall, with the average price holding at $373,839, unchanged from last year. The median home price rose slightly to $316,850, up 1 percent, while the price per square foot fell 2 percent to $172, suggesting minor adjustments at the property level.
Inventory growth remains one of the most important trends shaping the market. Months of inventory reached 5.76, giving buyers more choices and greater negotiating power. Homes also spent more time on the market, averaging 99 days, a 13 percent increase year over year. Despite this, sellers are maintaining pricing discipline, with 92.8 percent of homes selling close to their original list price.
Listing activity showed a mix of growth and moderation. New listings rose 11 percent to 5,535, while active listings increased 9 percent to 15,900, contributing to the expanding inventory. At the same time, pending listings dropped 11 percent to 2,956, indicating a slight slowdown in buyer decision-making. On the rental side, demand remained steady with 4,362 active residential rental listings, a 9 percent increase, and an average rental price of $1,801.
SABOR’s 2026 Chair of the Board, Ed Zapata, noted that the current conditions reflect a market that is both stable and evolving. As inventory increases, the role of real estate professionals becomes even more important in helping buyers and sellers navigate a more competitive and dynamic environment.
New construction and existing homes both contributed to March’s balanced conditions. Existing homes continued to dominate overall sales, while builders responded to buyer demand with pricing strategies and incentives. This balance highlights how different market segments are adjusting to affordability concerns and shifting inventory levels.
Looking at pricing distribution, most home sales continue to fall within the mid-range market. Approximately 68.3 percent of homes sold between $200,000 and $499,999, while 14.2 percent were priced below $199,000. Higher-end homes made up a smaller portion, with 11.59 percent between $500,000 and $749,999, and 5.91 percent at $750,000 and above.
In Bexar County, trends closely mirrored the broader San Antonio market, with increased sales activity and stable pricing. Expanding inventory continues to provide buyers with more flexibility, while sellers still benefit from steady demand across multiple price points.
Statewide, the Texas housing market is also showing signs of rebalancing. In March, 28,259 homes were sold, a 6.2 percent increase year over year. The average home price across Texas was $425,435, down slightly by 0.8 percent, while the median price dropped 1.5 percent to $335,000. These figures reflect a market that is adjusting while maintaining overall stability.
Comparing recent years in San Antonio highlights how the market continues to evolve. In March 2024, 3,244 homes were sold, followed by 2,811 in March 2025, and 3,100 in March 2026. While pricing has remained relatively steady, the increase in inventory and longer days on market indicate a shift toward more balanced conditions compared to previous years.
Overall, March 2026 reinforces that San Antonio is in a stable and balanced housing market. Buyers now have more time and options, while sellers continue to see consistent demand. As the market continues to adjust, both sides have opportunities to make informed and strategic decisions.
