San Antonio, TX 78232 Real Estate Market Report

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

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

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.

Property Taxes

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.

Market Trends & Context

Key Findings

1. median sold price is not provided in the available metrics, which limits definitive statements about realized market value; this metric may be unavailable because the analyzed sample of closed transactions is too small to report a robust median sold price or was not included in the dataset.
2. The neighborhood shows a cooling price trend with median listing price at 395,000, and broader indicators note prices are down, suggesting sellers may need to align expectations with recent transaction levels rather than asking prices.
3. Liquidity appears slower: median days on market is 68, which indicates longer selling times and moderate sales velocity that may reflect elevated inventory relative to sales activity.
4. Market fundamentals show pricing pressure and affordability dynamics: median price per square foot is 185 and median market rent is 1,475, while interest rate pressure is elevated and rent trends are down, together signaling constrained upside for near-term price appreciation.

Notable Properties

The following 5 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.