San Antonio, TX 78240 Real Estate Market Report

ZIP Code: 78240
Report Date: March 2026
Market Temperature: N/A
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in San Antonio, TX (ZIP: 78240) reflects a median sold price of $269,250, indicating a significant aspect of market activity. The current market conditions suggest a 178 days median days on market, which may indicate slower sales velocity and a potential pricing friction between seller expectations and buyer willingness. The elevated median listing price of $289,000 compared to the median sold price highlights a notable gap that could affect transaction fluidity, as sellers may need to adjust their expectations to align with current buyer sentiment.

Inventory levels appear elevated relative to sales activity, suggesting excess supply in the market. This condition may lead to a more balanced market environment, where buyers have more options but may also face longer wait times for sales to finalize. The overall market dynamics indicate a cautious approach from buyers, as the prolonged days on market could reflect hesitancy amidst current economic conditions and interest rate pressures.

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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

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the San Antonio market are around 5.875% to 5.945%, which is higher than the 5.500% seen earlier in 2026, meaning property owners who originated loans then locked in a more favorable rate.

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 $269,250 indicates a critical measure of market value and transaction activity.

2. With a median days on market of 178, the market shows signs of slower sales velocity, suggesting potential pricing friction.

3. The median listing price of $289,000 presents a notable gap compared to the median sold price, which may require sellers to reassess their pricing strategies.

4. Elevated inventory levels suggest excess supply relative to sales activity, potentially leading to a more balanced market.

5. Current mortgage rates ranging from 5.875% to 5.945% indicate elevated interest rate pressure, which may impact buyer affordability and market dynamics.

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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.