San Antonio Housing Market October 2026: Prices Dip, Rates Climb

San Antonio Housing Market October 2026: Prices Dip, Rates Climb

San Antonio's housing market showed modest signs of cooling in September 2026, with slightly lower home prices, fewer sales, and mortgage rates remaining above 7% throughout October. That combination gives buyers more leverage heading into the holidays, and it means sellers need a sharper plan.

Here’s what the newest numbers show and what to do with them.

The Latest Numbers

What Changed Since Summer

In August, San Antonio’s median home price remained relatively flat while sales increased. By September, the median price had declined approximately 2% year over year, while home sales fell about 1%. The shift lines up with mortgage rates climbing past 7% in late September and staying there through most of October.

The good news for buyers: rates finally moved down in the last two weeks of October. Even small drops help. On a $300,000, 30-year fixed-rate mortgage, a 0.25 percentage-point decrease in the interest rate can reduce the monthly principal and interest payment by approximately $50, depending on the starting rate.

Area Snapshot

Real estate conditions can vary significantly between San Antonio neighborhoods. The following are general considerations for buyers and sellers, rather than neighborhood-specific MLS statistics. Here’s what to watch:

• Alamo Ranch and the far West Side: Builders around Loop 1604 and Hwy 151 are using rate buydowns to keep sales moving. Resale sellers here are competing directly with those offers.
• Stone Oak and the North Central area: Move-up buyers have more choices than they’ve had in years. Well-priced homes still sell. Overpriced homes are sitting.
• Schertz and Cibolo: Military demand around JBSA-Randolph keeps this corridor active, especially for move-in-ready homes.
• New Braunfels: Continued new construction along I-35 adds inventory. Buyers have room to negotiate.
• Boerne and Helotes: Fewer listings and unique properties mean pricing depends heavily on lot, views, and condition.
• Castroville: A small market where one price reduction or one quick sale can shift local numbers.

What Buyers Should Do Now

• Shop before the spring rush. Late fall and winter usually bring fewer competing buyers.
• Ask for concessions. With homes averaging 88 days on the market, some sellers may be willing to negotiate closing-cost assistance or mortgage rate buydowns, depending on the property and local demand.
• Lock when the numbers work. Rates dropped late in October, but they’ve been volatile. Watch them with your lender weekly.

What Sellers Should Do Now

• Price to the September market, not the spring one. Buyers and appraisers are using the most recent sales.
• Offer payment help instead of a big price cut. A seller-paid rate buydown can attract buyers who are focused on monthly payments.
• List with a plan for the holidays. Serious buyers shop in November and December, including relocating families and military PCS moves.

Get the Numbers for Your Neighborhood

Analisa Gutierrez is a San Antonio native and Realtor® serving buyers and sellers across San Antonio, Alamo Ranch, Stone Oak, Helotes, Boerne, Castroville, Schertz, Cibolo, and New Braunfels. She tracks neighborhood-level sales so her clients don’t have to rely on citywide headlines.

Want a market report for your neighborhood? Contact Analisa Gutierrez for a free local snapshot. Call or text 210-803-8746.

Frequently Asked Questions

Are home prices going down in San Antonio? San Antonio home prices have softened slightly. September 2026 market figures reported by SABOR show a median sale price of $302,999, approximately 2% lower than a year earlier.

What are mortgage rates right now? As of October 29, 2026, Freddie Mac reported a national average 30-year fixed mortgage rate of 7.24%, down from 7.32% the previous week. Individual mortgage rates vary based on the borrower and loan terms.

Is now a good time to buy a house in San Antonio? For buyers who can afford today’s payments, conditions favor negotiating. Inventory is near six months, and homes are taking close to three months to sell.

Is it a buyer’s market in San Antonio? It’s close to balanced and leaning toward buyers, with about six months of inventory in September 2026.

What is the average rent in San Antonio? The average residential rent reported in SABOR's September 2026 market figures was $1,831 per month. Rental prices vary depending on the neighborhood, property size, and available amenities.