San Antonio Real Estate & Mortgage Market Update – FALL 2025

by Alan Greulich

San Antonio Real Estate & Mortgage Update — October 2025

Mortgage Rates: What’s Going On

As of October 6, 2025, the current national average mortgage rates are holding relatively steady:

30-year fixed: ~ 6.27% APR
15-year fixed: ~ 5.58% APR
30-year refinance: ~ 6.47%

These are broad averages. Your actual rate will depend heavily on your credit score, down payment, loan program (conventional, FHA, VA, etc.), and local market conditions.

The good news? Although rates remain higher than the rock-bottom levels of recent years, they’ve moderated from the peaks we saw during periods of aggressive Fed tightening. Many potential buyers are adapting to this “new normal,” locking in when they feel their financials are in order.

Texas & San Antonio Real Estate Trends You Should Know

1. San Antonio’s Pricing & Market Pace

In August 2025, the median home sale price in San Antonio was around $263,545, down 1.3% year-over-year.
Homes are taking longer to sell—median days on market are around 64 days, compared to about 48 days last year.
In the second quarter of 2025, the average sale price across the city held near $374,751, with homes averaging about 100 days on market in new construction vs. faster turnover in established neighborhoods.

Overall: momentum has slowed a bit, but we’re not seeing a collapse. Instead, we’re trending toward a more balanced or even buyer-friendly environment in many neighborhoods.

2. Statewide Outlook: Slower Appreciation, More Options

Across Texas, real estate experts expect slower appreciation compared to the boom years.
Inventory is gradually loosening, giving buyers more choices.
Texas metros are starting to tilt toward a balanced market rather than a seller’s market—homes tend to sell within 2–3% of listing price on average.

In short: the frenetic pace of 2020–2022 is over. But the fundamentals—population growth, job creation, in-migration—still support steady demand in many Texas cities.

3. Investor Activity & Luxury Sales

Institutional investors have scaled back their share of home purchases in San Antonio, accounting for only about 9.5% of sales in 2024.
In the luxury space, Texas saw a record break: $21 billion in high-end home sales in the last year, and the San Antonio-New Braunfels area made up 5.1% of that total.

This pullback by big investors can open up opportunities for individual buyers who have historically competed against them. Meanwhile, the prestige segment still commands interest.

4. New Developments & Infrastructure Moves

Summit at Crown Ridge, a $25 million multifamily development, is planned in northwest San Antonio. This project will bring more modern apartment options to the area.
On the infrastructure side, a new flyover ramp connecting westbound I-10 to eastbound Loop 1604 is opening, part of a $1.4B expansion project in north Bexar County. This kind of connectivity can boost desirability in neighborhoods near that corridor.

These developments highlight where future demand and value may cluster.

What This Means for Buyers & Sellers in San Antonio

For Buyers:

You have more negotiating power now than during the red-hot market period.
With more inventory and less investor competition, you can be pickier about condition, neighborhoods, and features.
Still, don’t wait too long if you find something you love—rates might inch up again, and good properties in strong areas still move.

For Sellers:

Pricing matters more than ever—overpricing can stall your listing.
Be ready to make small concessions (closing cost help, repairs, flexible terms) to close deals.
Focus on curb appeal and making your property “move-in ready”—that helps in a more discerning buyer market.

How to Use This Insight In Your Strategy

If you're thinking about listing soon: get an updated comparative market analysis (CMA). We can also model how the current rates will affect buyer demand in your neighborhood.
If you’re buying: get preapproved now so you can act confidently if the right opportunity appears.
If you’re refinancing: evaluate how long you plan to stay in the home—sometimes even small rate drops or term changes can pay off over time.