San Antonio, TX 78233 Real Estate Market Report

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

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Executive Overview

As of February 2026, the real estate market in San Antonio, TX (ZIP: 78233) is characterized by a median sold price of $248,405, reflecting a cooling trend in home values. The neighborhood has decreased 8% since 2022, indicating a significant shift in market dynamics. With a median days on market of 176, properties are experiencing slower sales velocity, suggesting that buyers are taking more time to make purchasing decisions amidst the current market conditions.

The elevated inventory levels are shifting leverage toward buyers, who now enjoy stronger negotiating power. This shift is further underscored by the median listing price of $257,450, which creates a notable gap compared to the sold prices, highlighting potential pricing friction. The local economy remains fundamentally sound, suggesting that the market is recalibrating rather than facing distress, despite the current cold market temperature.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels 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 78233 are around 5.875% to 6.00%, which is comparable to the typical 2026 origination rates, suggesting no immediate refinancing advantage over the recent past.

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 $248,405 indicates a significant 8% decrease since 2022, reflecting a cooling market.

2. Properties are taking longer to sell, with a median days on market of 176, suggesting slower sales velocity.

3. The median listing price of $257,450 creates a notable gap compared to the sold prices, indicating potential pricing friction.

4. The market is currently experiencing elevated inventory levels, which may indicate excess supply relative to sales activity.

5. The median market rent stands at $1,740, which has also shown a down trend year-over-year, reflecting broader economic pressures.

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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.