San Antonio, TX 78221 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The most reliable market signal is the $147,000 median sold price, which points to current transaction-level value and, when compared to the $230,000 median listing price, suggests a material gap between seller expectations and recent closed sales; this pricing spread may indicate pricing friction and the need for sellers to adjust to market-realized values.
2. The 120 median days on market indicates slower sales velocity and reduced liquidity; combined with elevated inventory relative to sales, this appears to lengthen negotiation windows and give buyers more leverage in offer terms and contingencies.
3. Macro and cost-of-money signals are headwinds: rent is down and the price year-over-year trend is down, while interest rate pressure is elevated (current 30-year fixed mortgage rates noted as 6.5%, 0.5% higher than an earlier 6.0%), which may depress near-term demand and keep upward price momentum constrained.
4. The $150 median price per square foot and the $1,475 median market rent together frame valuation context for SFR and condo investors; with falling rents and a neutral market temperature, investors should expect neutral market balance and should prioritize deals where pricing already aligns with the lower recent sold-price benchmark.

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.