San Antonio, TX
Housing Market Screening

For those evaluating a San Antonio housing market forecast through 2028, the data suggests a period of stabilization rather than dramatic shifts. Current median prices sit at $245,251, with a recent YoY price change of -2.9% indicating a slight cooling following the post-pandemic surge. However, the fundamental demand driver remains strong: the city's military and healthcare sectors continue to anchor employment, while outward migration from higher-cost coastal markets sustains buyer interest. Affordability is a key differentiator here; with a price-to-rent ratio of 15.4x—notably below the national average of 18x—San Antonio remains accessible for first-time buyers and investors alike, supporting a floor for prices despite broader economic headwinds.

When asking will San Antonio home prices drop significantly, the answer likely lies in the balance of local supply and economic momentum. The current Days on Market of 67 days signals a market that is neither frenzied nor stagnant, while the 5-year CAGR of 3.2% suggests sustainable, albeit modest, long-term appreciation. Looking ahead to San Antonio real estate San Antonio 2027, factors like infrastructure investments in the booming medical district and continued expansion of the tech corridor in nearby Austin will likely spill over, bolstering values. However, rising insurance costs and property taxes in Texas remain a drag on affordability. The Market Temperature score of 55/100 and a Risk Grade of A- characterize this as a balanced, lower-volatility environment. Ultimately, San Antonio appears poised for steady, single-digit growth, making it a solid hold for patient capital rather than a venue for speculative flipping.