Published October 4, 2026 in Market Update

More homes are selling, but price pressure is not the same everywhere

By Scott Peck

Real estate, Tier 5 - Bench / Opportunistic

The Federal Housing Finance Agency reported U.S. home prices rose 2.6% from July 2025 to July 2026. That sounds steady. But that number covers the whole country, and this market is not moving as one piece. The Real Estate Data Aggregator counted 735 homes sold across ZIPs 78121, 78266, 78155, 78240 and 78247 in the three months ending July 31, 2026. That is down 6.5% from the same months a year ago. The national headline and the local reality are pulling in different directions.

Here is the part that matters most for homeowners and buyers: two ZIP codes in this market saw prices fall, two saw prices rise, and one saw sales jump nearly 25%. Where your home sits changes everything about your next step.

The market at a glance: three months ending July 31, 2026

Fewer new listings and fewer homes for sale sounds like it should help sellers. In some ZIP codes it does. In others, prices still slipped. That tells you the story is local, not regional.

ZIP by ZIP: where prices went

ZIP 78121, the La Vernia area, saw the steepest drop. The Real Estate Data Aggregator put the median sale price there at $484,000, down 14.8% from a year ago. That is a real shift. Homes also sat on the market a median of 93 days, which is 18 days longer than the same period last year. Pending sales fell 17.5%. This ZIP is asking buyers to be patient and sellers to be realistic on price.

On the other end, ZIP 78155 in the Seguin area saw prices rise 6.9% to a median of $279,995. Sales were nearly flat, up just 0.3%, but months of supply dropped to 5.5. That is still a buyer-friendly pace, but it is moving in the seller's favor compared to last year.

Where sales activity moved the most

ZIP 78266, the Garden Ridge area, is the standout. The Real Estate Data Aggregator counted 86 homes sold there, up 24.6% from a year ago. Pending sales jumped 27.1%. Median days on market fell to 45, which is 35 days shorter than last year. Prices rose 2.4% to $426,975. That is a ZIP that picked up real momentum.

ZIPs 78240 and 78247 told a harder story. In the Medical Center area, ZIP 78240, homes sold fell 19.2%. In the Thousand Oaks area, ZIP 78247, sales fell 23.2% and the median price dipped 4.8% to $285,500. Not every part of this market is moving forward.

How fast are homes going under contract?

ZIP 78247 stands out here. Even though overall sales fell 23.2%, 36% of homes that did sell went under contract within two weeks. That is up 3.5 points from a year ago. The homes that are priced right in that ZIP are moving fast. The ones that are not are sitting.

A full ZIP-by-ZIP comparison

What the national picture adds

The Federal Housing Finance Agency reported U.S. prices rose 0.3% from June to July on a seasonally adjusted basis. Year over year, that agency put national price growth at 2.6%. Meanwhile, Realtor.com reported that mortgage rates climbed above 7% for the first time since January 2025, and that price cuts hit 20.8% of listings nationally in September, the highest share since October 2022. Realtor.com also counted more than 1.16 million active listings across the country in September 2026.

That national picture helps explain some of what we see locally. Higher rates slow buyers down. More price cuts nationally means sellers everywhere are adjusting. But the local numbers still vary a lot from one ZIP to the next.