San Antonio, TX 78240 Real Estate Market Report

ZIP Code: 78240
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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.

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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 for properties in 78240 are 6.46% compared to the 5.875% average observed earlier in 2026.

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. median sold price: $239,400 is the best current indicator of market value and recent transaction activity in 78240; this representative recent sale level suggests pricing is stable near actual closed values rather than asking expectations (representative recent sale).

2. There is a notable spread between median listing price: $295,000 and the median sold price, which suggests sellers are listing above recently achieved sale levels and may face pricing friction when converting listings to closed transactions.

3. The market shows slower sales velocity as indicated by median days on market: 107, combined with elevated inventory relative to sales activity; this pattern appears to create balanced to slightly buyer-leaning liquidity conditions and may require longer time or price concessions to transact.

4. Market-level trends are broadly neutral: the price year-over-year trend: flat and market temperature: neutral, while interest rate pressure: elevated (current 30-year fixed at 6.46% versus the 5.875% earlier in 2026) and rent year-over-year trend: down signal caution for immediate price acceleration and may dampen buyer urgency (elevated interest rate pressure).

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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.

San Antonio, TX 78240 Real Estate Market Report

ZIP Code: 78240
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 for properties in 78240 are 6.46% compared to the 5.875% average observed earlier in 2026.

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. median sold price is not provided in the supplied metrics, so a representative recent transaction value cannot be stated precisely; this absence limits direct confirmation of realized market value and should prompt reliance on transaction-level data or county records for valuation. data gap

2. median listing price (210,000) indicates seller ask levels and, given the lack of a provided median sold price, should be treated as an asking-price signal rather than confirmed transaction value. contextual pricing

3. median days on market (198) is prolonged and suggests slower sales velocity and increased pricing friction, which may indicate that sellers need to be more flexible on terms or pricing to transact. slower turnover

4. inventory context shows elevated inventory relative to sales in the analyzed sample, which appears to be contributing to a balanced-to-buyer-leaning environment and may pressure sellers on time-to-close and concessions. excess supply relative to sales activity

5. interest rate pressure (elevated) is present; Current 30-year fixed mortgage rates for properties in 78240 are 6.46% compared to the 5.875% average observed earlier in 2026, which may constrain buyer qualification and downward price negotiating power. elevated financing headwinds

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Notable Properties

The following 1 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.