Market Updates
San Antonio Home Values Over Time
By Andrew Barlowe · Published
What the last decade tells us about appreciation, market cycles and today's opportunity.
A long-term climb, followed by a more balanced market
San Antonio homeowners have experienced meaningful value growth over the last decade-plus, even though the path has not been a straight line. Texas A&M Real Estate Research Center data for the San Antonio-New Braunfels area show a median sales price of about $187,000 in 2015, rising to roughly $329,000 in the third quarter of 2022. That is an increase of about 76% in seven years, during a period that included especially rapid pandemic-era appreciation.
| Period | Median / Typical Price | What it shows |
|---|---|---|
| 3Q 2015 | $187,000 | Pre-pandemic benchmark |
| 3Q 2019 | $226,900 | Steady pre-2020 growth |
| 3Q 2022 | $329,000 | Pandemic-era price surge |
| Jan. 2026 | $292,999 | SABOR median; market normalization |
| Aug. 2026 | $285,000 | HAR city median; softer 2026 pricing |
Why 2026 looks different
The current market is more balanced than the highly competitive years of 2020-2022. SABOR reported a January 2026 median of $292,999, while HAR reported a San Antonio city median of $285,000 in August 2026. Zillow also showed its city-level average home value down year over year in September. Those measures are not identical, but together they point to a market that has cooled from its peak rather than one moving rapidly upward.
For buyers, a slower market can mean more inventory, more time to compare homes and potentially more room to negotiate. For sellers, it raises the importance of accurate pricing, property condition and marketing. For long-term owners, a single year of flat or declining prices is best viewed in the context of a much longer ownership horizon.
The key takeaway
San Antonio real estate has created substantial long-term appreciation, but values move in cycles. The strongest decisions are based on neighborhood-level data, a realistic holding period and a payment that remains comfortable even if short-term prices fluctuate.
From Andrew’s San Antonio Real Estate Market Education materials.
Sources & methodology
- San Antonio Board of REALTORS (SABOR)
- January 2026 and December 2025 San Antonio market reports; county/market statistics.
- Texas Real Estate Research Center at Texas A&M University
- San Antonio-New Braunfels Housing Affordability Outlook, historical median sales-price series.
- City of San Antonio
- FY 2026 Adopted Budget and Economic Development materials on regional industries and economic base.
- Zillow
- San Antonio region insights and Zillow Home Value Index / rent measures, accessed September 2026.
- Federal Reserve Board
- 2022 Survey of Consumer Finances, including homeowner and renter net-worth statistics.
- Freddie Mac
- House Price Index and consumer education on equity and long-term home appreciation.
Figures are educational snapshots and may use different geographic boundaries or methodologies. Real estate conditions vary by neighborhood, property type, financing, taxes, insurance, maintenance, and time period. This material is not a guarantee of future appreciation or financial performance.