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

The median sold price in San Antonio, TX (ZIP: 78220) is $162,370, reflecting a market that has decreased 8% since 2022. This decline indicates a softening in market conditions, as the gap between the median listing price of $199,250 and the median sold price suggests that sellers may be adjusting their expectations in response to current buyer sentiment. With elevated inventory levels contributing to a slower sales velocity, the market appears to be shifting towards a more balanced state, albeit with lingering affordability concerns due to high interest rates.

Transaction activity is characterized by a median days on market of 246 days, indicating a slower pace of sales and a potential overhang of inventory. Although interest rates have recently trended downward, they remain elevated, which continues to exert pressure on affordability. The overall market temperature is assessed as neutral, suggesting that while there is some cooling, the environment is not yet overly favorable for buyers or sellers. Rental rates are also experiencing a slight decline, further indicating a general cooling across the housing sector.

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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 mortgage rates in the San Antonio TX area average around 5.75% to 6.01%, which is lower than the January 2026 average of 6.18% for property owners with loans originated that year.

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. $162,370 is the median sold price, reflecting a market that has decreased 8% since 2022.

2. The median listing price stands at $199,250, indicating a significant gap between seller expectations and actual sales.

3. With a median days on market of 246 days, the market is experiencing slower sales velocity and prolonged listing periods.

4. Elevated inventory levels suggest excess supply relative to sales activity, contributing to a more balanced market.

5. The median market rent is $1,631, which has also seen a down trend year-over-year.

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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.