San Antonio, TX 78223 Real Estate Market Report

ZIP Code: 78223
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 median sold price in San Antonio, TX (ZIP: 78223) stands at $195,035, reflecting a market that has decreased 8% since 2022. This decline indicates a shift in buyer sentiment and market dynamics, as affordability remains a key concern. The market is currently experiencing elevated inventory levels, suggesting a potential oversupply relative to the moderate sales activity observed in recent months.

The median days on market is 197, indicating a slower sales velocity, which may suggest that buyers are taking more time to make purchasing decisions. With a median listing price of $199,999, there exists a notable pricing gap between what sellers are asking and what buyers are willing to pay, further contributing to the current market conditions. The overall market temperature is classified as neutral, indicating a balance between supply and demand, albeit with caution due to the downward trend in prices.

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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

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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 6.01% as of February 2026, which is 0.84% lower than the 6.85% average seen one year prior.

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 $195,035 suggests ongoing pricing friction as the market recalibrates.

2. With a median days on market of 197, the market is experiencing slower sales velocity, indicating buyers are cautious.

3. The median listing price of $199,999 reflects a gap between seller expectations and buyer willingness, contributing to elevated inventory levels.

4. The median market rent is $1,631, indicating a potential preference for renting over buying in the current economic climate.

5. Overall, the market is characterized by neutral conditions, with moderate interest rate pressure and a balanced inventory level.

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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.