San Antonio runs on deep roots and restless growth — from the historic bungalows of King William to the sprawling new builds pushing out along the north and west sides. It’s a city of river walks, mission trails, and a food scene that punches well above its weight. One of the country’s largest metros, San Antonio’s real estate market moves at that same big-city scale.
Buyers, April’s data handed you real leverage. Inventory grew nearly twice as fast as the national rate, the median list price dropped 3.4% year over year, and almost one in four listings had already been discounted — the highest price-cut share of any major market tracked nationally. Sellers, this market rewards honest pricing from day one. Anything else and you’re likely cutting later.
Inventory Is Growing — and Growing Fast
If you’re shopping in San Antonio right now, you have more options than buyers almost anywhere else in the country. Active listings hit 7,196 in April — up 7.8% year over year, nearly double the national growth rate of 4.6%. New listings also came in 4.3% above last April, while the national pace crept up just 1.1%. More supply, more choices, less competition per listing. That’s the environment you’re working in.
List Prices Fell Year Over Year, and Price Cuts Were Widespread
Prices are moving in buyers’ favor — and the gap is hard to ignore. San Antonio’s median list price landed at $289,945 in April, down 3.4% from a year ago. The national median fell just 1.4% over the same period. More striking: 23.8% of all active listings had already taken at least one price cut — nearly 10 points above the national share of 16.7%. Sellers who listed too high had to come back down. Those who priced to the market from the start didn’t.
Homes Moved Slightly Faster Than a Year Ago — and Faster Than the Nation
Don’t mistake a buyer’s market for a slow one — well-priced homes still moved. The typical San Antonio home spent 51 days on the market in April, one day faster than the national median and nearly 10% quicker than the 56-day pace from April 2025. Nationally, days on market actually crept up 3% year over year. The takeaway for buyers: a well-priced, move-in-ready home still attracted attention. Waiting too long on the right listing remained a real risk.
San Antonio’s April data tells a clear story: supply outpaced demand, prices adjusted, and a record share of listings needed cuts before finding buyers — yet homes still sold at a competitive pace. For buyers, the conditions are working in your favor. More inventory, lower prices, and motivated sellers who’ve already shown flexibility on price. For sellers, April was a reminder that this market has no patience for wishful pricing. With nearly 7,200 competing listings, your launch price is your most powerful tool. Work with your agent to anchor it to what actually sold — not what you’re hoping to get.
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