San Antonio, TX 78221 Real Estate Market Report

ZIP Code: 78221
Report Date: May 2026
Market Temperature: NEUTRAL
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

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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 78221 area are averaging 6.30%, which is 0.43% higher than the 5.87% market average observed in February 2026.

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 primary market indicator, the median sold price, is 145,500, which frames recent transaction values and suggests that sellers should set expectations closer to this realized price rather than the higher median listing price to avoid extended time on market. neutral price trend

2. There is a notable spread between the median listing price of 230,000 and the median sold price, which may indicate pricing friction and that aggressive asking prices may require negotiation to convert to closed sales given current market dynamics.

3. Market velocity appears slow: the median days on market of 157 points to extended marketing periods and suggests sellers should budget for longer holding costs while buyers can expect increased negotiation leverage. slower sales velocity

4. Macro and rental signals add caution: the market temperature is neutral, rent is trending down, and interest rate pressure is elevated (current local 30-year fixed rates at 6.30%, which is 0.43% higher than the referenced market average of 5.87%), implying financing cost sensitivity and softer rental comps that may weigh on near-term price upside. elevated interest rate pressure

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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.