78209 Real Estate Heats Up

 

78209 Real Estate Heats Up: Prices Surge and Inventory Grows in Early 2025

By Bruce X. Forey, REALTOR®, Portfolio KW

 

After a quiet start to the year, 78209’s housing market gained strong momentum by the end of the first quarter. Between January and March 2025, both home prices and inventory rose sharply, signaling renewed buyer activity and a shift in market dynamics.

Sold Home Prices Surge

The average home price in 78209 jumped 35% from $492,514 in January to $663,012 in March. Median prices followed with a notable increase, rising 17.7% from $488,000 to $574,470.

Because the median price represents the midpoint of all home sales (where half sold for more and half sold for less), it provides a more balanced look at overall market conditions.

It’s a useful way to understand the market because it’s not skewed by super high or low-priced sales, giving a more realistic idea of what a typical home might cost.

Buyers also paid more per square foot in March. The price per square foot increased from $237 to $276, a 16.5% jump. These price increases suggest stronger demand and possibly more luxury or higher-end homes entering the market.

Sellers Close the Gap on Asking Price

Buyers in 78209 paid closer to asking price as the quarter progressed. The close-to-original list price ratio improved from 88.6% in January to 93.3% in March, showing that sellers gained more leverage and buyers faced stiffer competition.

Inventory Expands Along with Listings

In keeping with seasonal trends, new listings nearly doubled, rising from 51 in January to 99 in March. Active listings increased as well, climbing from 189 to 253—a 34% jump in available inventory.

With more homes hitting the market, the months of inventory increased from 4.8 to 6.2. In most markets, six months of inventory indicates more favorable conditions for buyers. Yet in 78209, sellers still managed to close sales at near-asking prices, despite the rise in inventory.

Homes Spend Less Time on Market

Homes sold more quickly in March. The average days on market dropped from 92 days in January to 77 days in March. Sellers gained a slight advantage suggesting that motivated buyers were ready to act when the right property appeared.

This quicker turnaround may have also helped sellers maintain stronger pricing power, especially for homes that matched what buyers were actively seeking.

Key Takeaways

From January to March 2025, 78209 experienced sharp price growth, faster sales, and expanded inventory. Buyers benefited from more choices and slightly longer-term leverage. Sellers capitalized on rising demand and stronger pricing power—particularly in the luxury segment. As spring approaches, these trends position 78209 as a dynamic market to watch for both buyers and sellers.

Market data sourced from the Texas Real Estate Research Center at Texas A&M University and the San Antonio Board of REALTORS®.