San Antonio, TX 78202 Real Estate Market Report

ZIP Code: 78202
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in San Antonio, TX (ZIP: 78202) reflects a median sold price of $167,000, indicating a period of price stabilization after recent declines. The neighborhood has decreased 8% since 2022, suggesting a shift in buyer sentiment and market dynamics. The current market conditions are characterized by elevated inventory levels, leading to a median days on market of 265 days, which points to slower sales velocity and a more cautious approach from buyers.

Despite the challenges in pricing, the local economy shows resilience with strong job growth in key sectors, which supports long-term housing demand. However, the market temperature remains neutral, indicating balanced conditions between buyers and sellers. The median listing price stands at $220,000, which reflects a significant gap compared to the median sold price, suggesting potential pricing friction as sellers adjust expectations to align with current market realities.

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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 TX 78202 market average around 6.38% as of late March 2026, which is 0.27% lower than the 6.65% average from one year ago.

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 $167,000 indicates a market that has decreased 8% since 2022, reflecting ongoing price adjustments.

2. With a median days on market of 265, the market is experiencing slower sales velocity, which may indicate buyer hesitance.

3. The median listing price of $220,000 suggests a notable gap compared to the sold price, indicating potential pricing friction as sellers recalibrate expectations.

4. The median market rent is $1,631, which has also decreased year-over-year, reflecting softening rental demand in the area.

5. Current interest rates average around 6.38%, which is moderate compared to last year, contributing to a neutral market temperature.

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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.