San Antonio, TX 78240 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

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 primary market indicator, the median sold price of 248,545, suggests a representative recent sale level for SFR and condo product in 78240; with the price year-over-year trend reported as flat, this points to near-term price stability rather than rapid appreciation or decline.
2. The gap between the median listing price (294,500) and the median sold price (248,545) may indicate pricing friction and seller optimism that appears wider than recent transaction outcomes; combined with a median days on market of 95, this suggests slower sales velocity and that sellers may need to adjust expectations to reach contract terms.
3. Inventory conditions in the analyzed sample are characterized as elevated inventory relative to sales activity, which, together with a reported market temperature of neutral, implies balanced-to-leaning-buyer dynamics where buyers have increased negotiation leverage while transactions proceed at a moderate pace.
4. Rental and financing context is mixed for investors and landlords: the median market rent of 1,650 occurs alongside a rent year-over-year trend marked down, and interest rate pressure described as moderate, suggesting weakening rental income trends and continued financing cost headwinds that may compress near-term yield expectations.

Notable Properties

The following 5 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.