San Antonio, TX 78209 Real Estate Market Report

ZIP Code: 78209
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in San Antonio, TX (ZIP: 78209) is characterized by a median sold price of $629,000, reflecting a stable yet slightly softening market. The neighborhood has decreased 8% since 2022, indicating a trend of declining values that may be influenced by increased inventory levels. The median days on market stands at 205, suggesting a slower sales velocity and a shift towards a more balanced market environment where buyers have more options available.

The current market temperature is classified as neutral, with buyer participation remaining solid despite elevated inventory levels. The median listing price of $599,000 indicates a notable gap between asking prices and actual sold prices, which may reflect seller expectations that are not aligning with current market realities. This situation, combined with a median market rent of $1,840, suggests that affordability remains a concern for potential buyers, even amidst moderate interest rates.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Liquidity & Velocity

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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 San Antonio, TX, around 6.13% are slightly higher than the recent low of 5.875% seen earlier in February 2026.

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 $629,000 indicates a market that has decreased 8% since 2022, reflecting a softening trend.

2. With 205 days on market, the sales velocity appears to be slower, suggesting elevated inventory levels relative to sales activity.

3. The median listing price of $599,000 shows a significant gap compared to the sold price, indicating potential pricing friction in the market.

4. The market temperature is neutral, suggesting a balanced environment where neither buyers nor sellers have a distinct advantage.

5. Despite a median market rent of $1,840, affordability remains a challenge, which may impact buyer demand moving forward.

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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.