San Antonio, TX 78220 Real Estate Market Report

ZIP Code: 78220
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: 78220) is characterized by a median sold price of $160,120, reflecting a modest softening trend. The neighborhood has decreased 8% since 2022, indicating a shift in buyer sentiment and market dynamics. The median listing price stands at $197,000, suggesting a significant gap between seller expectations and actual transaction values, which may contribute to prolonged market activity.

Transaction velocity appears to be slower, with properties remaining on the market for a median of 239 days. This extended duration indicates elevated inventory levels, as the market is currently experiencing excess supply relative to sales activity. Although interest rates remain elevated, they are projected to moderate slightly, which could improve affordability for potential buyers in the near term. Overall, the market temperature is assessed as neutral, reflecting a balance between buyer and seller conditions, albeit with signs of price softening.

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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 rates in the San Antonio market around 5.875% are notably lower than the recent Texas average of 6.17% from early February 2026, presenting a favorable refinancing window.

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 $160,120 indicates a significant gap from the median listing price of $197,000, suggesting pricing friction between sellers and buyers.

2. With a median of 239 days on market, properties are experiencing slower sales velocity, reflecting a cautious buyer sentiment in the current market.

3. The market temperature is deemed neutral, indicating a balance between supply and demand despite elevated inventory levels.

4. Year-over-year trends show that both sold prices and rents are down, which may further influence buyer expectations and market activity.

5. The property tax rate of 1.83% remains a factor for buyers, potentially impacting overall affordability in the market.

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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.