San Antonio, TX 78201 Real Estate Market Report

ZIP Code: 78201
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the housing market in San Antonio, TX (ZIP: 78201) is characterized by a median sold price of $216,000, reflecting a recalibration in market dynamics. The neighborhood has decreased 8% since 2022, indicating a shift toward more favorable conditions for buyers. This downward trend in sold prices, coupled with elevated inventory levels, suggests a market that is adjusting to changing buyer expectations and economic conditions.

Transaction activity appears to be moderate, with a median days on market of 181, signaling slower sales velocity. The current market environment is marked by excess supply relative to sales activity, as evidenced by the longer time properties are remaining on the market. With a median listing price of $269,747.50, there is a notable gap between asking prices and actual sold prices, which may indicate pricing friction as sellers adjust to the current market reality.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the San Antonio market around 6.09% are 0.78% lower than the 6.87% average seen one year ago in February 2025.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $216,000 reflects a significant decrease of 8% since 2022, highlighting a downward trend in home values.

2. With a median days on market of 181, the market is experiencing slower sales velocity, suggesting a need for sellers to adjust expectations.

3. The median listing price stands at $269,747.50, indicating potential pricing friction as sellers face challenges in achieving their asking prices.

4. Overall, the market temperature is neutral, suggesting a balanced environment where neither buyers nor sellers have a distinct advantage.

5. The median market rent of $1,631 is also on a downward trend, reflecting broader economic pressures affecting rental prices.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.