San Antonio, TX 78233 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. The neighborhood's primary indicator, the median sold price, is $300,740, which establishes recent transaction-level market value and should be the focal point for pricing strategy; up year-over-year price trend supports modest appreciation.
2. There is a noticeable gap between the median listing price and the median sold price — median listing price is $260,000 while median sold price is $300,740 — which may indicate pricing friction or optimistic seller expectations that buyers are rejecting; combined with elevated inventory relative to sales, this suggests pricing sensitivity in negotiations.
3. Market velocity appears slow: the median days on market is 109, which typically suggests slower sales velocity and may require longer marketing windows or more competitive pricing to achieve contracted sales in a reasonable timeframe; given the neutral market temperature, this pace appears consistent with a balanced but cautious market (neutral).
4. Rental dynamics are soft: median market rent is $1,450 and rent year-over-year trend is down, implying weakened rental demand; with moderate interest rate pressure (moderate), investors should reassess income assumptions and stress-test cash flow scenarios before acquiring SFR or condo assets.

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.