San Antonio, TX 78254 Real Estate Market Report

ZIP Code: 78254
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The San Antonio housing market in the 78254 area is currently characterized by a median sold price of $320,762, reflecting a slight decrease in property values. This trend indicates a down market condition, as the neighborhood has decreased 8% since 2022. The elevated median days on market at 173 days suggests a slower sales velocity, which may indicate a shift towards a more balanced market where buyers have increased negotiating power due to the excess supply relative to sales activity.

Despite the median listing price being $356,500, the gap between listing and sold prices highlights potential pricing friction, as sellers may need to adjust expectations to align with market realities. The overall market temperature is classified as neutral, suggesting that while there is moderate activity, the balance between supply and demand is stabilizing. Buyers are increasingly gravitating towards lower-priced segments due to affordability concerns, further influencing market dynamics.

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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 in the San Antonio TX 78254 area are around 5.75%, which is comparable to the 5.75% average seen earlier in 2026, suggesting no immediate rate advantage or disadvantage for refinancing.

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. $320,762 is the current median sold price, indicating a down trend in property values since 2022.

2. The median days on market is 173 days, reflecting a slower sales velocity and suggesting potential pricing friction.

3. With a median listing price of $356,500, there is a notable gap between listing and sold prices, indicating that sellers may need to adjust their expectations.

4. The market temperature is neutral, suggesting a balanced environment with no clear advantage for buyers or sellers.

5. Rental rates are showing a down trend, with a median market rent of $2,070, indicating moderating demand across the broader area.

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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.