78013
Kerrville, Texas

The 78013 ZIP code in Kerrville is experiencing significant price compression, with the median sale price reaching $382,597 after a substantial 23.5% year-over-year decline. Homes are averaging 117 days on market, indicating a normalized pace that contrasts sharply with the rapid turnover seen in previous years. With only 33% of properties selling above list price, the data confirms a measurable shift from the seller-dominated conditions that characterized the prior cycle.

This environment favors patient buyers with financing secured and flexibility on timing, as the 117-day absorption rate provides negotiating leverage that was largely absent during the appreciation phase. The 23.5% price correction creates entry points for primary residence purchasers previously priced out of this market, though investors should note the reduced price momentum limits near-term appreciation potential. Sellers face headwinds and must price competitively given that two-thirds of transactions close at or below asking price.

The PropIQ score of 61 signals caution rather than distress, suggesting stabilization may occur before further deterioration. Key indicators to monitor include whether days on market extends beyond 120 days and if the percentage selling above list drops below 30%, both of which would indicate continued softening. The current metrics suggest a transitional market seeking equilibrium after the correction, requiring another two quarters of data to confirm directional momentum.