78002
San Antonio, Texas

The 78002 market has entered a pronounced correction phase, with the median sale price settling at $250,000 following a sharp 32.4% year-over-year decline. Properties are averaging 76 days on market, suggesting modest demand friction, while the complete absence of homes selling above list price indicates buyers maintain full negotiating leverage. This pricing reset represents one of the steeper residential corrections in the greater San Antonio metro area.

Patient buyers with flexible timelines stand to benefit most from current conditions, as the 76-day average marketing period and zero above-ask transactions create room for below-list offers. Cash investors seeking rental yields may find favorable entry points at the $250,000 median, though financing costs require careful scrutiny given the PropertyIQ score of 41. Sellers face significant headwinds and should expect extended marketing periods and price negotiations on every transaction.

The PropIQ 41 rating signals continued market weakness, with limited evidence of stabilization in the near term. The absence of competitive bidding and the magnitude of the year-over-year decline suggest further downward pressure remains possible before a bottom forms. Monitor inventory levels and days-on-market trends closely—sustained reduction below 60 days would signal the first meaningful shift toward buyer-seller equilibrium.