San Angelo Weekly Real Estate Report: Week of October 26
The Big Story
Rates eased a hair this week, but they are still more than a full point above where they were a year ago. The 30-year fixed averaged 7.32% on October 22, down from 7.40% the week before and up from 6.19% a year ago.
The Fed raised its target by a quarter point on September 16, and its next decision is October 28. NAR's chief economist said this month that higher rates mean fewer buyers can qualify.
You can see it in the Local MLS. Through October 26, San Angelo has 62 closings, compared to 90 over the same stretch of October 2025, a drop of about 31%. Active listings are 632, up 9.7% from a year ago. The homes that did sell averaged 86 days on market, down from 97 last October, so well-priced homes are still moving.
What's Coming to San Angelo
A few new projects are on the way around town. Global Data Technologies is building out a 9,100 square foot office at Sunset Crossing on SW Blvd, and WTX Landscape Design is putting up a new equipment shop and office on Ben Franklin. Plato's Closet is giving its Sunset Plaza space a refresh at 4112 Sunset Dr. Out in Christoval, a new $1.2 million AG building is planned for Christoval AG Education, and the Porter Henderson Library has an $850,000 restroom renovation lined up for December. More growth means more movement in the market, so if you're thinking about buying or selling, give us a call at the ERA Newlin office, 325-481-0500.
San Angelo (Local MLS)
Residential, City of San Angelo. October 2026 so far (through October 26) vs all of October 2025. Counts for new listings, pended listings and closed sales are month-to-date, so they will finish higher.
| Measure | Oct 2026 (through Oct 26) | Oct 2025 (full month) |
|---|---|---|
| Active listings | 632 | 576 |
| New listings | 153 | 230 |
| Pended listings | 98 | 131 |
| Closed sales | 62 | 119 |
| Active median list price | $299,000 | $295,000 |
| Pended median list price | $258,000 | $260,000 |
| Median sold price | $262,950 | $269,000 |
| Average sold price | $277,278 | $281,096 |
| Average days on market | 86.3 | 97.4 |
| Sale to list price | 97.3% | 96.5% |
| Sale to original list price | 94.9% | 94.4% |
| Absorption (months of inventory) | 5.08 | 4.83 |
For a fair closings comparison, October 1 to 26 had 62 closings this year and 90 last year. The median sold price is down 2.2% from October 2025, and sellers are getting about 94.9% of their original list price. Inventory is 5.08 months, a bit more buyer-friendly than last October's 4.83. Source: Local MLS, run October 26, 2026.
New Construction (Local MLS)
City of San Angelo residential. Active and Pending are a snapshot as of October 26, 2026 (price shown is median list price). Sold rows cover October 1 to 26 of each year (price shown is median sold price).
| Group | Homes | Median price | Average sold price | Avg days on market |
|---|---|---|---|---|
| Active, Oct 26 | 123 | $364,990 | n/a | n/a |
| Pending, Oct 26 | 22 | $343,821 | n/a | n/a |
| Sold, Oct 1-26, 2026 | 8 | $311,200 | $333,342 | 83 |
| Sold, Oct 1-26, 2025 | 16 | $276,950 | $360,847 | 138 |
New construction is 19.7% of all San Angelo active listings (123 of 625) and 12.9% of October closings so far (8 of 62), down from 17.8% over the same stretch of October 2025 (16 of 90). Builders closed half as many homes as last year, but the ones that sold went faster, 83 days versus 138. Small samples swing averages a lot here, so read the price numbers with care.
Outside the MLS
One to keep an eye on: the City of San Angelo's data center page says the zone change for the Skybox/Emergent project near US 67 North and City Farm Road passed 6-1 on January 13, 2026, and the water usage rules passed June 16. As of that page, the City had not received a development application. City of San Angelo, Data Center Information
Mortgage Rates
Freddie Mac, October 22, 2026: the 30-year fixed averaged 7.32%, down from 7.40% the week before and up from 6.19% a year ago. The 15-year averaged 6.68%, down from 6.71%. Freddie Mac PMMS
The Fed raised its target range a quarter point to 3.75% to 4.00% on September 16, 2026, with all 12 voters in favor. The next decision is October 28. Forbes reports markets see about an 80% chance of a hold. Federal Reserve, September minutes and Forbes, October 19
State and National
National: September existing-home sales. NAR reported 3.99 million annualized sales on October 13, up 1.5% from August and down 2.2% from a year ago. The median price was $417,500, up 1.3% from $412,300. Inventory was 1.60 million, a 4.8-month supply. NAR, October 13, 2026
National: sellers outnumber buyers by 63%. Redfin's September data (published October 14) counts about 1.51 million sellers and 929,000 buyers, a 62.6% gap, the biggest since the post-recession housing crash. Buyers are at the lowest count in Redfin's records going back to 2013, and 41 of 50 metros are buyer's markets. In Texas, the gap is 134.6% in Houston, 130.9% in Austin, 125.6% in San Antonio, 121.9% in Dallas and 108.3% in Fort Worth. San Angelo is not in Redfin's metro list. Redfin senior economist Asad Khan called it "a buyer's market born out of caution, not strength." Redfin, October 14, 2026
Texas: July housing numbers. The Texas Real Estate Research Center (released September 18) shows 32,306 closed sales in July, up 2.2% from a year ago. The statewide median price was $339,000, flat for the year. Inventory was 5.5 months and homes took 63 days to sell. TRERC, Texas Housing Insight
By the Numbers
- Local: 62 closings Oct 1-26, 2026, vs 90 over Oct 1-26, 2025
- Local: 632 active listings in Oct 2026, up 9.7% from 576 in Oct 2025
- Local: median sold price $262,950 in Oct 2026 so far, vs $269,000 in Oct 2025
- Local: average days on market 86.3 in Oct 2026 so far, vs 97.4 in Oct 2025
- Local: 5.08 months of inventory in Oct 2026, vs 4.83 in Oct 2025
- Local: new construction is 19.7% of active listings (Oct 26 snapshot)
- Mortgage: 30-year at 7.32% (Oct 22), 7.40% the week before, 6.19% a year ago
- Mortgage: Fed target range 3.75% to 4.00% since Sep 16
- National: median existing-home price $417,500 in Sep 2026
- National: sellers outnumber buyers by 62.6% in Sep 2026 (Redfin)
- State: Texas median price $339,000 in Jul 2026, 5.5 months of inventory
The Takeaway
Rates are stuck above 7% and the Fed is still in hiking mode, so a lot of buyers are saying "we'll wait." October closings through the 26th are running about 31% behind the same stretch last year, while active listings are up 9.7%. For sellers, the news is not all bad. Homes that are priced right on day one are still selling in about 86 days, and sellers are getting about 94.9% of their original list price. Starting too high costs real money. For buyers, you have more to choose from than a year ago. Get a fresh payment quote at today's rate before you decide to wait. And if you're comparing a resale home to new construction, know that about one in five active listings in San Angelo is a builder home.
Explore San Angelo's Available Inventory
Browse the latest listings in San Angelo through the links below. If you are not finding exactly what you are looking for, partnering with an agent from the #1 brokerage in San Angelo gives you exclusive access to off-market and private listings before they are available to the public.
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