On The Market

 

 

Year-Over-Year Real Estate Trends for 78209: How the Market is Shaping Up in 2025

By Bruce X. Forey, REALTOR®, Portfolio KW

 

 

The San Antonio 78209 real estate market is showing notable shifts in 2025 compared to the previous year. With rising home prices, increasing inventory, and longer days on market, buyers and sellers alike are experiencing changing conditions that could impact their real estate decisions. Here’s a detailed look at how the market has evolved over the past year.

Closed Listings on the Rise

One of the most significant changes in the 78209 housing market are more closed listings. In January 2024, only 16 homes were sold, compared to January 2025 with 27 closed sales—a 68.8% jump. This suggests an increase in buyer activity or potentially more competitive pricing that is leading to higher transaction volume.

Home Prices Continue to Appreciate

Home values in 78209 continue to climb. The average home price increased by 7.1%, rising from $459,913 in 2024 to $492,514 in 2025. The median price also edged up slightly, from $485,500 to $488,000 (+0.5%). This indicates steady demand for properties in our highly desirable San Antonio neighborhood.

The price per square foot also saw a modest increase, rising 1.7% from $233 in 2024 to $237 in 2025. This reinforces the trend of steady appreciation, though at a slightly slower pace than in previous years.

More Inventory, but Homes Taking Longer to Sell

While home prices continue to appreciate over the past year, the market also experienced a rise in inventory and longer selling times. The number of active listings increased by 5.6%, climbing from 179 homes in 2024 to 189 in 2025. However, homes are now taking significantly longer to sell. The average days on market surged by 73.6%, from 53 days in 2024 to 92 days in 2025. This could indicate that buyers are becoming more selective, possibly due to higher interest rates or economic uncertainty, leading to longer negotiation periods before closing.

Slight Drop in Seller Advantage

Another key indicator of shifting market dynamics is the closed-to-original price ratio, which dropped from 92.2% in 2024 to 88.6% in 2025. This suggests that sellers are having to negotiate more and are less likely to receive their initial asking price.

Additionally, new listings declined by 8.9% from 56 in 2024 to 51 in 2025, while pending sales dropped by 14.7%, from 34 to 29. This could signal buyer hesitation or a seasonal slowdown as the market adjusts to current economic factors.

What This Means for Buyers and Sellers

For buyers, this shift means more inventory to choose from and the ability to negotiate pricing and terms more effectively. However, with home prices still rising, acting sooner rather than later may be beneficial before appreciation continues.

For sellers, pricing homes competitively will be essential to attract serious buyers quickly. Given the longer days on market and reduced closed-to-original price ratio, sellers may need to be more flexible in negotiations and ensure their property is in top condition to stand out.

Final Thoughts

The 78209 real estate market is seeing both growth and challenges, with higher prices, more inventory, and longer selling times shaping the 2025 landscape. Whether you’re looking to buy or sell, staying informed on market trends and pricing strategies will be key to making the best real estate decisions this year.