San Antonio, TX 78227 Real Estate Market Report

ZIP Code: 78227
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 real estate market in San Antonio, TX (ZIP: 78227) reflects a median sold price of $183,680, indicating a stable yet slightly declining trend as the neighborhood has decreased 8% since 2022. This decrease suggests a shift in market dynamics, where buyers may find more favorable conditions as sellers adjust their expectations. The current market environment is characterized by elevated inventory levels, which may contribute to a more balanced negotiation landscape between buyers and sellers.

The overall market velocity appears to be slowing, with properties spending a median of 161 days on market. This extended timeframe indicates a moderate sales activity, suggesting that while there is some buyer interest, the pace of transactions is not as brisk as in previous periods. Additionally, the median listing price stands at $194,000, which, when compared to the median sold price, highlights a potential pricing gap that may influence buyer perceptions and market engagement moving forward.

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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 San Antonio, TX, around 5.875% are lower than the 6.21% average reported nationally just last week, presenting a slight cost advantage for new financing.

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 is $183,680, reflecting a 8% decrease since 2022, indicating softening market conditions.

2. With a median listing price of $194,000, there is a noticeable pricing gap that may affect buyer sentiment and negotiation strategies.

3. Properties are spending a median of 161 days on market, suggesting slower sales velocity and potential buyer hesitation.

4. The market temperature is currently neutral, indicating a balanced environment without strong pressure in either direction.

5. Elevated inventory levels relative to sales activity may provide buyers with more options and leverage in negotiations.

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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.