San Antonio, TX 78244 Real Estate Market Report

ZIP Code: 78244
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of March 2026, the real estate market in San Antonio, TX (ZIP: 78244) is characterized by a median sold price of $224,000, reflecting a recent decline in home values. This downward trend suggests a shift in buyer sentiment and market dynamics, as the neighborhood has decreased 8% since 2022. The median listing price stands at $235,000, indicating a notable gap between seller expectations and actual transaction values, which may contribute to prolonged market activity.

The market is currently experiencing elevated inventory levels, with a median days on market of 192 days. This extended duration suggests slower sales velocity and may provide buyers with increased negotiating power. The overall market temperature is described as neutral, indicating a balance between supply and demand, though the increasing inventory could lead to further adjustments in pricing strategies as sellers respond to market conditions.

---

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

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

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 in the San Antonio market average 5.89% APR, which is 0.40% lower than the average rate observed one year ago in 2025, presenting a potential cost-saving opportunity for recent refinancers.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $224,000 indicates a significant gap compared to the median listing price of $235,000, suggesting potential pricing friction for sellers.

2. With a median days on market of 192, the market is experiencing slower sales velocity, which may impact buyer urgency.

3. The local rental market is cooling, with a median market rent of $1,980, reflecting downward pressure on rental prices year-over-year.

4. The current property tax rate of 2.52% remains a factor in overall affordability, but elevated interest rate pressure at 5.89% APR may deter some potential buyers.

5. The market temperature is neutral, indicating a balanced environment; however, the recent increase in inventory suggests caution for sellers as they navigate pricing strategies.

---

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.