San Antonio Housing Market Update: More Negotiating Room, Slower Apartment Pipeline
San Antonio, TX – February 28, 2026 – Buyers are getting more negotiating room as listings sit longer and many sales close under asking, while the apartment pipeline appears to …
San Antonio, TX home shoppers are finding more negotiating room as listings take longer to move and many deals close below the original ask. Recent resale data reads as steady to slightly down year over year, with time on market and price reductions doing more of the “work” for buyers than headline price gains.
Top takeaways
- Resale pace: Redfin shows a $250K median sale price in January 2026, with homes taking about 96 days to sell and 638 sales recorded.
- Inventory signal: Zillow reports typical home values around $245,251 and about 7,450 homes for sale as of Jan. 31, 2026, pointing to elevated supply.
- Deals below ask: Zillow’s sale-to-list ratio was about 0.982 (Dec. 2025), suggesting many transactions are closing under list price.
Rentals & new construction
On the rental side, Express-News reporting points to a sharp slowdown in new apartment deliveries after 2025. The report says only 6,877 apartment units were added in 2025 (down 36% from 2024), with occupancy at 88.2% and rents down 5% from 2024; the pipeline is expected to fall further in 2026.
What to watch next
For buyers, longer marketing times can translate into more room on price, credits, or repairs. For renters, softer occupancy and rent pressure may keep move-in offers competitive as new supply eases.