A pressure self-compensating tensiometer and method to in situ determine below grade soil moisture potential of earthen soil independent of changes in the volume of water contained within the tensiometer chamber, comprising a body having first and second ends, a porous material defining the first body end, a liquid within the body, a transducer housing submerged in the liquid such that a transducer sensor within the housing is kept below the working fluid level in the tensiometer and in fluid contact with the liquid and the ambient atmosphere.