San Antonio, TX 78202 Real Estate Market Report

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

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Executive Overview

The market in San Antonio, TX (ZIP: 78202) is currently characterized by a median sold price of $179,500, reflecting a stable environment with no significant price fluctuations recently. This price point indicates a level of affordability in the market, which may attract a variety of buyers. The median listing price stands at $225,000, suggesting a notable gap between asking prices and actual sales, which could indicate seller expectations that are not fully aligned with current market realities.

Transaction activity appears moderate, with 239 median days on market indicating a slower sales velocity. This extended timeframe may suggest that buyers are taking their time to make decisions, potentially due to the current neutral market temperature and moderate interest rate pressure. Overall, the market is showing signs of leveling off toward a more balanced state, reminiscent of pre-pandemic conditions, with flat year-over-year price trends contributing to a stable outlook.

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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 6.01% are 0.84% lower than the 6.85% average seen one year ago, presenting a cost reduction opportunity for recent refinancers.

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 $179,500 indicates a stable market, reflecting actual transaction values rather than inflated listing expectations.

2. With a median listing price of $225,000, there is a significant gap that may create pricing friction for sellers.

3. The median days on market of 239 suggests a slower sales velocity, indicating that buyers are taking longer to finalize purchases.

4. Current market conditions are described as neutral, suggesting a balanced environment without strong buyer or seller leverage.

5. The median market rent of $1,631 reflects ongoing demand for rental properties, although the year-over-year rent trend is down.

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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.