Hello, Alamo City! Here’s your monthly snapshot of the San Antonio real estate market from Bill your local “We Buy Houses” experts.
San Antonio Single-Family Real Estate Market – July 2025
Prices slipped a touch in July, but the story on the ground hasn’t changed much: this is still a buyer’s market. Redfin put the median sold price at $275,000, down from $278,000 in June. Zillow also pulled back to $254,107, compared to $256,363 last month. SABOR reported a median closed price of $330,000, up from $324,460 in June and about 4% higher than a year ago.
So yes, prices look steady on paper, but the pace out in the field feels slower. Agents are seeing fewer showings, fewer offers, and buyers are taking their time.
Homes are taking longer to sell, even in peak season. Redfin’s days on market moved up to 55, from 50 in June. Zillow’s “days to pending” edged from 34 to 36 days. SABOR clocked in at 74 days on market, almost the same as June’s 75, but noticeably higher than last summer.
Bottom line: buyers aren’t rushing. Homes are moving, but it’s taking longer to get them across the finish line.
Listing performance shows a little more give on the seller’s side. Redfin’s sale-to-list ratio dipped to 96.7%, down slightly from June’s96.9%. Zillow showed 57.8% of homes closing under list, a hair better than June’s 58.2%, while its sale-to-list ratio stayed put at 98.8%. SABOR reported 93.9% of original list price received, up from 93.7% June.
What that tells us: sellers are still landing close to asking, but most deals come with some kind of give-back—price cuts, credits, or incentives to get buyers off the fence.
Inventory keeps climbing, and buyers are calling the shots. SABOR showed 6.12 months of inventory in July, up from 5.88 in June. Active listings rose to 17,131 compared to 16,655 last month, and pending sales fell to 2,288 from 2,517.
In our August real-time preview, inventory has increased from 3.8 months to 4.3 months. While this differs from the SABOR numbers, it still shows that inventory continues to climb.
That adds up to more choices, more leverage, and more time for buyers. Sellers who want to get a deal done have to be sharp on pricing and flexible on terms.
Here is my opinion on the market: the housing market in San Antonio is weak and will likely remain that way through the winter, with prices falling and opportunities for outstanding deals for cash buyers and investors. If you need to sell your house fast in San Antonio, now is when “we buy houses” companies like ours can step in and help.
How’s Bill’s Business?
Things have been steady on my end. For a stretch, every house was rented, but we just had two tenants move out. Lately, I’ve been feeling the itch to buy again, so I plan to take my own advice and start looking for a new property this winter. If you or someone you know wants to sell a house quickly, I’m always looking for houses to buy in San Antonio, no matter the condition.
I’m also exploring mobile homes—one of my friends has been investing in them with good success, so it’s an area I’m keeping an eye on.
Deanna has intentionally kept her business slower while we wait for the market to pick up. We still have one property in Wimberley that hasn’t sold yet.
We are still looking at deals but it really has to be a no-brainer for us to buy in this market. That said, if you want a fast, hassle-free sale, our team can make a fair cash offer—because we buy houses San Antonio sellers need to move today.
San Antonio Multifamily Market
The San Antonio multifamily market is showing signs of stabilization after two years of heavy supply. About 8,070 new units are expected across the metro this year (5,921 within city limits), keeping San Antonio ranked among the nation’s top 20 metros for apartment construction. Despite this elevated supply, demand has held strong: net absorption reached 1,967 units in Q2, the tenth consecutive quarter of positive absorption. Average rents are around $1,264, down about 1.7% year-over-year, while occupancy stands near 88.5%—slightly soft but improving as leasing activity outpaces historic averages. Developers are slowing new starts, reflected in weakening permit activity, which should help the market balance as deliveries taper in 2026 and beyond.
Overall, San Antonio remains a high-supply but resilient multifamily market, with strong absorption and a path toward firmer rent growth as the construction pipeline cools.
As you may have seen, the bank is foreclosing in September on the Annex Apartments, where I was a general partner. Looking back, we bought at the peak of the market and overpaid; the market did not allow for rent growth to support the numbers. On top of that, we were locked into a variable-rate loan, and then interest rates doubled.
Logically, I know this is a great time to be investing in apartments in San Antonio. But after taking the hits on the Annex, the Aliso, and the Preston, the weight of those losses still lingers. It’s hard to separate what I know in my head from what I feel in my gut—and right now, I just can’t bring myself to jump back in.
Summary
The single-family market continues to lean in favor of buyers. Prices have been holding fairly steady on paper, but homes are taking longer to sell and buyers are in no rush. Inventory keeps rising, giving shoppers more leverage to negotiate while sellers must be sharp on pricing and flexible on terms. I expect the market to stay soft through the winter with prices dipping another 2–5% before rebounding in the spring. By next summer, San Antonio will likely still be a buyer’s market, but trending toward balance.
San Antonio’s multifamily sector is stabilizing after two years of heavy deliveries. We are seeing deliveries starting to taper down and strong demand absorption. Over the last 2 years, occupancy and rents have gone down. It appears the market has stabilized and with occupancy ticking up slightly and rents holding steady. Despite current challenges, San Antonio’s multifamily market remains resilient with a clearer path to rent growth as the pipeline cools.
If you’re thinking, “I need to sell my house fast in San Antonio,” we can help. We buy houses in any condition and can close quickly with cash. Contact me today for a no-obligation offer.
Contact
If you’d like to chat about the market, investing opportunities, or if you’re ready to sell your house fast, schedule a call. You can also reach me anytime at homehelpsa@gmail.com or 210-972-9580.
Thank you,
Bill