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 median sold price in San Antonio, TX (ZIP: 78202) currently stands at $179,000, reflecting the actual market transactions and providing a clearer picture of property values than listing prices. With a median listing price of $215,000, a significant gap exists, indicating potential pricing friction as sellers may need to adjust expectations to align with buyer sentiment. The market is characterized by 264 days on market, suggesting a slower sales velocity and giving buyers increased negotiating power as they navigate through elevated inventory levels.

Despite the current dynamics, the underlying population growth in the area continues to support long-term housing demand. The market temperature is described as neutral, indicating a balance between supply and demand, although the elevated days on market may suggest some caution among buyers. The overall landscape shows a recalibration phase, where buyers are gaining leverage, and the market is adjusting to new realities, particularly with elevated interest rate pressure impacting buyer affordability.

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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 area at 6.09% are lower than the historical 2026 average of 7.70%, indicating a favorable borrowing environment for recent loan originations.

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 $179,000 indicates a significant gap from the median listing price of $215,000, suggesting potential pricing friction in the market.

2. With 264 days on market, the area is experiencing slower sales velocity, which may indicate a shift in buyer sentiment and negotiating power.

3. The market temperature is currently neutral, reflecting a balance between supply and demand, despite the elevated inventory levels.

4. The median market rent is $1,631, which may influence buyer decisions as rental prices remain relatively high compared to sold prices.

5. Current interest rate pressure is described as elevated, potentially impacting buyer affordability and overall market activity.

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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.