San Antonio, TX 78227 Real Estate Market Report

ZIP Code: 78227
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The housing market in San Antonio, TX (ZIP: 78227) is currently characterized by a median sold price of $185,400, reflecting a recent trend of price adjustments. Notably, the neighborhood has decreased 8% since 2022, indicating a shift in market dynamics. This decline in sold prices suggests that buyers may be facing more favorable conditions, yet it also points to potential pricing friction as sellers adjust their expectations to align with market realities.

Transaction activity appears to be moderate, with 181 median days on market, which indicates a slower sales velocity compared to previous periods. The market is experiencing elevated inventory levels, suggesting excess supply relative to sales activity. This situation may lead to further price adjustments as sellers compete for buyer attention in a cooling market.

---

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

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

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 78227 are averaging 6.38%, which is 0.26% lower than the average rates of 6.64% seen when loans originated in 2026.

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

---

Key Findings

1. Median sold price is $185,400, indicating a 8% decrease since 2022, which may suggest softening market conditions.

2. Median days on market stands at 181, reflecting a slower sales velocity and potential pricing friction as properties linger longer without sale.

3. The median listing price is $205,000, which creates a notable gap compared to sold prices, indicating that sellers may need to adjust expectations to attract buyers.

4. The median market rent is $1,631, which is also experiencing a downward trend, reflecting a cooling rental market.

5. Current interest rate pressure is elevated, with mortgage rates averaging 6.38%, impacting affordability and buyer sentiment.

---

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.