San Antonio, TX 78233 Real Estate Market Report

ZIP Code: 78233
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the median sold price in San Antonio, TX (ZIP: 78233) stands at $243,500, reflecting a market that has recently experienced a slight decline in home values. This decrease may indicate a shift in buyer leverage, as evidenced by increased negotiations and seller concessions. The market temperature is currently classified as neutral, suggesting a balance between supply and demand, although buyers appear to have more negotiating power due to the current conditions.

The local market is characterized by elevated inventory levels, with a median days on market of 171 days, indicating a slower sales velocity. Despite the $259,750 median listing price, the gap between listing and sold prices suggests potential pricing friction, which may lead to adjustments in seller expectations. Overall, the market's resilience is supported by relative affordability compared to neighboring Texas metros, yet the trend of decreasing rental rates across the area could impact future buyer sentiment and investment decisions.

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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 the San Antonio TX 78233 area average 6.38% as of late March 2026, which is slightly higher than the national average of 6.20% projected for the end of this quarter.

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 $243,500, indicating a potential decline in home values.

2. With a median days on market of 171 days, the market is experiencing slower sales velocity.

3. The median listing price of $259,750 suggests a pricing gap that may lead to pricing friction for sellers.

4. Rental rates are trending down, which may influence buyer sentiment moving forward.

5. The market temperature is neutral, indicating a balanced market with no clear advantage for buyers or sellers.

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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.