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San Antonio, TX 78202 Real Estate Market Report

ZIP Code: 78202
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


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.

Analysis Window
180 Days
Total Properties Analyzed
113
Active Listings
104
Sold Properties
9

Market Metrics

Median Listing Price
$227,000
Median Sold Price
$150,075
Median Price per Sqft
$164/sqft

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

Median Market Rent
$1,350

Property Taxes

Property Tax Rate
1.98%

Liquidity & Velocity

Median Days on Market
185
Sale-to-List Ratio
100.0%

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.

Price YoY Trend
down
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in San Antonio, TX are 6.5% compared to the 6.2% average when loans originated in early 2026.

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


Key Findings

  1. The primary indicator of recent market value is the median sold price at 150,075, which aligns with a broader price trend that is down and suggests realized transaction values are softening.

  2. There is a notable gap between the median listing price of 227,000 and the median sold price of 150,075, which may indicate pricing friction between seller expectations and recent transaction levels.

  3. Liquidity appears muted: the median days on market of 185 points to slower sales velocity and, combined with the sample data profile, suggests elevated inventory relative to sales that may prolong time-to-close for SFR and condo listings.

  4. Rental and financing context is also weakening—median market rent is 1,350 with rent year-over-year trend down, while interest rate pressure is elevated (current 30-year fixed ~6.5% vs a 6.2% average earlier in 2026), which may further dampen buyer affordability and investor demand.


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.

Recent Transactions

414 Canton, San Antonio, TX 78202
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

4 beds
2 baths
1,920 sqft
$219,900
Apr 1, 2026
$115/sqft/sqft
338 days on market
1607 Hays St, San Antonio, TX 78202
Value

Sold below market average

2 beds
1 baths
892 sqft
$124,867
Dec 1, 2025
$140/sqft/sqft
91 days on market
1102 Onslow, San Antonio, TX 78202
Value

Sold below market average

3 beds
1 baths
995 sqft
$119,950
Dec 1, 2025
$121/sqft/sqft
338 days on market
1802 Burnet St, San Antonio, TX 78202
Value

Sold below market average

2 beds
1 baths
813 sqft
$118,084
Dec 1, 2025
$145/sqft/sqft
994 days on market
619 Willow, San Antonio, TX 78202
Value

Sold below market average

3 beds
1 baths
952 sqft
$112,800
Dec 1, 2025
$118/sqft/sqft
2235 E Houston St, San Antonio, TX 78202
Value

Sold below market average

3 beds
1 baths
1,556 sqft
$110,000
Mar 1, 2026
$71/sqft/sqft
241 days on market
403 Rotary, San Antonio, TX 78202
Value

Sold below market average

4 beds
2 baths
1,300 sqft
$102,000
Jan 1, 2026
$78/sqft/sqft
407 Rotary, San Antonio, TX 78202
Value

Sold below market average

3 beds
1 baths
1,140 sqft
$58,573
Dec 1, 2025
$51/sqft/sqft

San Antonio, TX 78202 Real Estate Market Report

ZIP Code: 78202
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.


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.

Analysis Window
180 Days
Total Properties Analyzed
13
Active Listings
4
Sold Properties
9

Market Metrics

Median Listing Price
$402,495
Median Sold Price
$0
Median Price per Sqft
$264/sqft

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

Median Market Rent
$1,595

Property Taxes

Property Tax Rate
2.44%

Liquidity & Velocity

Liquidity metrics unavailable due to insufficient data quality.


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.

Price YoY Trend
down
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in San Antonio, TX are 6.5% compared to the 6.2% average when loans originated in early 2026.

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


Key Findings

  1. The primary indicator of current market value and recent transaction activity remains the median sold price, which now aligns with a market where the price year-over-year trend is down, suggesting downward pressure on realized sale prices rather than listing expectations.

  2. Liquidity appears muted with market temperature described as neutral, which, together with observed price weakness, suggests slower sales velocity and elevated inventory relative to sales activity that may increase time-to-close for sellers.

  3. Rental market signals are weakening: the median market rent is 1,595 and the rent year-over-year trend is down, indicating softer landlord cash flow assumptions and increased competition among rental units.

  4. Financing headwinds are a material constraint: interest rate pressure is elevated, and note the local comparison: Current 30-year fixed mortgage rates in San Antonio, TX are 6.5% compared to the 6.2% average when loans originated in early 2026, which may further compress buyer affordability and contribute to price downside.


Notable Properties

The following 4 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.

Recent Transactions

215 Center St Apt 403, San Antonio, TX 78202
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

2 beds
2 baths
1,892 sqft
$455,000
$240/sqft/sqft
346 days on market
215 Center St Apt 1503, San Antonio, TX 78202
Value

Sold below market average

2 beds
2 baths
1,911 sqft
$449,990
$235/sqft/sqft
91 days on market
215 Center St Apt 206, San Antonio, TX 78202
Market Benchmark

Sold at market average

1 beds
1 baths
1,234 sqft
$355,000
$288/sqft/sqft
119 days on market
215 Center St Apt 1005, San Antonio, TX 78202
Premium

Sold above market average

1 beds
1 baths
1,066 sqft
$309,900
$291/sqft/sqft
188 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

$315/mo
78202 Avg Rent
78202 Cost to Own
Rent$1,350
Own$1,035

20% down, 6.3% rate, 2.0% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

78202 Avg nightly rate
78202 Avg occupancy (days/year)
Nightly rate$174/night
Occupancy134 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

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