San Antonio, TX 78209 Real Estate Market Report

ZIP Code: 78209
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 median sold price in San Antonio, TX (ZIP: 78209) stands at $639,000, reflecting a market that has shown resilience despite elevated interest rates. The neighborhood has increased up since the previous year, indicating a positive trend in property values. However, the market is currently characterized by elevated inventory levels, suggesting a shift towards a more balanced state as buyers gain negotiation power amidst slower sales velocity.

The median days on market is notably high at 209 days, which may indicate a slower transaction pace and potential pricing friction. With a median listing price of $648,500, the gap between listing and sold prices suggests that sellers may need to adjust expectations to align with buyer sentiment. Overall, the market appears to be stabilizing, but elevated interest rate pressure continues to influence buyer behavior, leading to increased concessions from sellers and a more cautious approach from buyers.

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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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Property Taxes

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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 6.38% are lower than the March 2026 average of 6.64%, presenting a slight cost advantage for new financing.

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 $639,000 indicates a resilient market despite external pressures.

2. Elevated inventory levels suggest a shift towards a more balanced market, providing buyers with increased negotiation power.

3. The median days on market at 209 days reflects slower sales velocity, indicating potential pricing friction.

4. The median listing price of $648,500 is higher than the median sold price, suggesting sellers may need to adjust expectations to attract buyers.

5. Elevated interest rate pressure is influencing buyer behavior, leading to increased seller concessions.

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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.