78004
San Antonio, Texas

The 78004 ZIP code posted a median sale price of $585,000 as of December 2025, representing a robust 12.5% year-over-year increase despite elevated interest rate conditions. Properties are averaging 52 days on market, indicating moderate absorption rather than the rapid turnover seen in peak pandemic periods. Notably, zero homes sold above list price, signaling a normalization from the extreme seller's market that characterized 2021-2022 and suggesting negotiating leverage has shifted materially.

This market configuration favors patient buyers with financing secured and flexible closing timelines, as the 52-day marketing period creates room for due diligence without competitive pressure. Sellers who purchased prior to 2023 retain substantial equity from the 12.5% annual appreciation and can still exit profitably, though they must price accurately given the absence of bidding wars. Investors seeking cash-flowing rentals should model conservative assumptions, as the $585,000 entry point demands premium tenant profiles to achieve positive returns.

The PropIQ intelligence score of 55 out of 100 signals caution and suggests appreciation may decelerate through 2026 as inventory dynamics continue rebalancing. Key monitoring variables include days-on-market trends extending beyond 60 days and the percentage of listings taking price reductions, neither of which currently shows stress but could shift quickly. This score indicates neither aggressive buying nor panic selling is warranted, but rather disciplined underwriting and realistic pricing expectations from all market participants.