San Antonio, TX 78201 Real Estate Market Report

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

---

Executive Overview

The median sold price in San Antonio, TX (ZIP 78201) currently stands at $211,500, reflecting a market that has shown signs of cooling with prices trending down. This decline suggests a shift in market dynamics, where buyers may have more leverage due to the current conditions. The median listing price is significantly higher at $259,900, indicating a notable gap between seller expectations and actual transaction values, which may contribute to slower sales velocity as buyers navigate this pricing friction.

Transaction activity has been characterized by a median of 194 days on market, indicating a slower sales pace and potentially elevated inventory levels. The market temperature is currently assessed as neutral, suggesting a balanced environment where neither buyers nor sellers have a distinct advantage. However, the combination of elevated interest rate pressure and declining rental prices may further influence buyer sentiment and market liquidity moving forward.

---

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.

---

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.

---

Rental Market

---

Property Taxes

---

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.

---

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 TX 78201 area average around 6.38% as of late March 2026, which is slightly lower than the 6.51% average seen just a week prior.

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

---

Key Findings

1. The median sold price is $211,500, indicating a down trend in market value.

2. With a median listing price of $259,900, there is a significant pricing gap that may lead to pricing friction in negotiations.

3. Properties are remaining on the market for a median of 194 days, reflecting a slower sales velocity and potential excess supply relative to sales activity.

4. The market temperature is currently neutral, suggesting balanced conditions between buyers and sellers.

5. Rental prices are trending down, which may impact overall buyer demand and market dynamics.

---

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.