78009
San Antonio, Texas

# ZIP Code 78009 Market Report

The 78009 market shows clear buyer advantage with a median sale price of $478,400, down 12.2% year-over-year. Homes are averaging 207 days on market, nearly triple the healthy market benchmark of 60-90 days. Only 6% of properties are selling above list price, indicating sellers hold minimal pricing power. This extended inventory absorption rate reflects a market correction from previous overvaluation, with properties sitting significantly longer than metro averages.

These conditions favor patient buyers with financing secured and negotiation skills, particularly those seeking primary residences without time constraints. The 207-day DOM metric provides leverage for 10-15% below-ask offers, especially on properties exceeding 120 days listed. Sellers face difficult conditions and should only enter if relocation or financial circumstances require it. Investors focused on immediate cash flow may find opportunities, but those banking on near-term appreciation face headwinds given the 12.2% decline already recorded.

The PropIQ score of 51 signals continued caution, suggesting stabilization remains 6-12 months away. Watch for DOM contraction below 150 days and above-list sales exceeding 15% as early reversal indicators. The current trajectory points toward further modest price softening of 3-5% before equilibrium, making spring 2026 premature for seller optimism. Buyer conditions should persist through Q3 2026 unless interest rate changes dramatically alter demand dynamics.