San Antonio, TX 78220 Real Estate Market Report

ZIP Code: 78220
Report Date: April 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in San Antonio, TX (ZIP: 78220) is characterized by a median sold price of $150,500, reflecting a challenging environment for sellers and a shift towards a cooling market. The neighborhood has decreased 8% since 2022, indicating a significant decline in home values. This trend is compounded by a median days on market of 265, suggesting slower sales velocity and a potential oversupply of homes relative to buyer demand.

The market is currently experiencing elevated inventory levels, with a notable gap between the median listing price of $199,000 and the median sold price. This discrepancy may indicate pricing friction as sellers adjust expectations in light of the prevailing market conditions. Overall, the market temperature is described as cold, with elevated interest rate pressure contributing to a more cautious buying environment.

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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 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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in San Antonio, TX are averaging 6.38%, an increase from 6.22% last week, and are 0.27% lower than the 6.65% average from a year ago.

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 $150,500 reflects a significant market adjustment, with prices down 8% since 2022.

2. With a median days on market of 265, the market is experiencing slower sales velocity and extended timeframes for property transactions.

3. The median listing price of $199,000 presents a notable gap compared to the sold price, indicating potential pricing friction as sellers recalibrate expectations.

4. The market temperature is classified as cold, suggesting a challenging environment for sellers amidst elevated inventory levels.

5. Elevated interest rate pressure, with current 30-year fixed mortgage rates averaging 6.38%, is likely contributing to weaker buyer demand and overall market cooling.

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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.