78209 Market Update

April 2025 Shows Strong Values, Steady Prices

By Bruce X. Forey, REALTOR®, Portfolio KW

 

The spring selling season in San Antonio’s 78209 zip code is in full swing. April home sales totaled $54,082,662—up from $50,982,712 in March. The median home price held steady at approximately $510,000 between March and April.

 

Inventory followed a typical seasonal trend, climbing to 269 homes for sale in April, up from 247 the previous month. That’s a 27% increase compared to April 2024. While April saw 93 closed sales—a solid figure—it marked a decline from 122 closings a year ago. So far, 2025 hasn’t shown the same spring-to-summer surge in sales volume seen last year. Time will tell whether activity picks up as summer progresses.

 

The median price per square foot remains consistent, finishing April at $260 compared to $259 in April 2024. However, homes are spending more time on the market, with the median months of inventory rising to 7.4—up from 5 months a year ago.

 

Despite the longer market time, homes sold more quickly in April than in March. The median time on market dropped to 73 days from 86 days the month prior.

 

One key indicator of market strength is the median sale-to-list price ratio. In April, homes in 78209 sold for 97.6% of their original list price—the highest level since August 2023. This metric signals strong buyer demand and firm pricing, even in a more competitive environment.

 

Summary

 

The 78209 housing market continues to deliver high values, steady pricing, and improving sale-to-list ratios. While closed sales are down from last year, the area continues to attract serious buyers and sellers. With increased inventory and stable pricing, both sides have an opportunity to make smart, informed moves this season.

 

This report uses data from ShowingTime+ and the Multiple Listing Service (MLS) via the San Antonio Board of REALTORS® (SABOR). Figures reflect traditional, preowned single-family homes in the 78209 zip code.

 

 

Why It Pays to Use a Licensed Appraiser in San Antonio

 

In the age of Zillow and Redfin, it’s tempting to rely on online estimates when buying, selling, or investing in real estate. But when real money is on the line, a licensed appraiser can offer data-driven insights that no algorithm or CMA can match.

 

78209 resident, Brian Funkhouser, of Funkhouser Appraisal Services, brings advanced valuation tools to the San Antonio market. His approach goes beyond pulling a few comps—instead, he analyzes thousands of data points using software capable of producing accurate, statistically sound valuations.

 

“I can analyze market data over 3, 6, or even 12 months, from hyper-local neighborhoods to broader citywide trends,” Brian explains. “This lets me make more accurate adjustments for things like square footage, bathrooms, and garages—details that matter in pricing.”

 

If you’re preparing to sell, this insight can help you list confidently and competitively. For investors, a detailed rental analysis gives you more than a ballpark number—it shows whether your property can cash flow or if you should consider adjusting rents.

 

Even homeowners can benefit. If your home has appreciated and you’re still paying private mortgage insurance (PMI), an appraiser can help you prove you’ve reached 20% equity, potentially saving you hundreds each month.

 

An appraisal is more than just a number—it’s a tool for smarter real estate decisions.