San Antonio, TX 78209 Real Estate Market Report

ZIP Code: 78209
Report Date: May 2026
Market Temperature: COLD
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.

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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

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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

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Key Findings

1. median sold price is not available in the provided sample dataset, which suggests transaction-based valuation is unreliable here because recent sale counts in the sample are too limited to produce a representative median sold price.

2. median listing price is $649,900 and, combined with a long median days on market of 160, suggests pricing friction and slower sales velocity that may indicate greater negotiating leverage for buyers.

3. The price year-over-year trend is down and the market temperature is cold, which, together with elevated interest rate pressure, points to continued downward price pressure and softer transactional liquidity.

4. The listed rental and valuation context shows a median market rent of $1,400 and a median price per square foot of 288, while the rent year-over-year trend is down; this weakening rent trajectory may reduce investor appetite and further soften demand.

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Notable Properties

The following 3 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.

San Antonio, TX 78209 Real Estate Market Report

ZIP Code: 78209
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

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Key Findings

1. median sold price is unavailable in the provided metrics, so a representative recent sale value cannot be cited; the absence of a reported median sold price may indicate limited closed-transaction data in the analyzed sample or timing gaps in transaction reporting, which constrains direct conclusions about realized market value.

2. median listing price: $412,000 sits alongside elevated inventory relative to sales activity, suggesting a gap between asking expectations and actual transaction volume that may provide negotiating leverage for buyers.

3. median days on market: 214 indicates materially slower sales velocity and extended listing durations, which may signal pricing friction and longer timeframes required to convert listings to closed sales.

4. median price per square foot: 233 and median market rent: $1,750 exist in a context where price year-over-year trend is down and rent year-over-year trend is down; combined with elevated interest rate pressure and a reported market temperature of cold, this points to constrained near-term upside for pricing and reduced momentum for investor-driven demand.

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Notable Properties

The following 3 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.