San Antonio, TX 78239 Real Estate Market Report

ZIP Code: 78239
Report Date: February 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The San Antonio housing market, particularly in the 78239 ZIP code, is currently characterized by a median sold price of $235,385, reflecting a cooling trend in home values. This represents a notable shift as the market has experienced a downward price trend, suggesting a recalibration in buyer expectations and market dynamics. The median days on market has increased to 198 days, indicating slower sales velocity and a potential shift towards a more buyer-friendly environment.

Despite the elevated inventory levels, the local economy remains resilient, which may indicate that the market is stabilizing rather than entering a significant downturn. With a median listing price of $260,500, there is a clear gap between asking and sold prices, highlighting potential pricing friction as sellers adjust to the current market conditions. Additionally, the median market rent stands at $1,860, which has also seen a downward trend, further indicating a cooling rental market alongside home sales.

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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 the San Antonio market around 5.875% are notably lower than the 6.11% average seen one year ago, suggesting a cost opportunity for refinancing property loans.

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 $235,385 reflects a downward trend in home values, suggesting a shift in buyer sentiment.

2. With 198 days as the median days on market, the market is experiencing slower sales velocity, indicating weak liquidity.

3. The median listing price of $260,500 shows a significant gap compared to sold prices, indicating potential pricing friction in the market.

4. The median market rent has decreased to $1,860, reflecting a downward trend in rental prices, which may impact investor interest.

5. The current market temperature is classified as cold, suggesting a challenging environment for 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.