San Antonio, TX 78232 Real Estate Market Report

ZIP Code: 78232
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in San Antonio, TX 78232 stands at $399,900, reflecting a stable market environment. The neighborhood has experienced a flat price trend, indicating that while there is some appreciation, it is not significant. This stability in sold prices suggests a balanced market where buyer and seller expectations may be aligning, although the overall transaction volume appears moderate.

Current market conditions reveal elevated inventory levels, with a median days on market of 201 days, indicating slower sales velocity. This extended time frame may suggest that buyers are exercising caution, potentially due to elevated interest rate pressures, which are currently at 6.38% for 30-year fixed mortgages. The rental market is also showing signs of being renter-friendly, with a median market rent of $1,880, which has been trending down, further contributing to a balanced yet cautious market atmosphere.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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 78232 are averaging 6.38%, which is 0.3% higher than the 6.08% average from March 2025.

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 $399,900 indicates a stable market with no significant price fluctuations recently.

2. With a median days on market of 201, properties are experiencing slower sales velocity, suggesting a cautious buyer sentiment.

3. The median listing price of $391,450 is closely aligned with the sold price, indicating that seller expectations are realistic in the current market.

4. The median market rent has decreased to $1,880, reflecting a renter-friendly environment amidst high vacancy rates.

5. Current mortgage rates are at 6.38%, which is 0.3% higher than the previous year, contributing to elevated interest rate pressure affecting buyer activity.

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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.