78015
San Antonio, Texas

The 78015 market has entered a correction phase, with the median sale price settling at $565,000 after declining 1.6% year-over-year. Homes are averaging 84 days on market, indicating weaker demand than the sub-60-day pace typically associated with balanced conditions. Only 12% of properties are commanding above-list offers, a significant drop from the competitive bidding environment that characterized this price tier in previous years. This slowdown reflects broader pressure on higher-end suburban inventory.

Buyers gain negotiating leverage in these conditions, particularly those targeting the $500,000-plus segment where the 84-day marketing period suggests sellers must price competitively. The 12% above-ask rate means 88% of transactions close at or below list, favoring patient purchasers willing to submit measured offers. Sellers face challenges unless properties are priced within 2-3% of recent comps, as the extended days-on-market metric indicates resistance to premium positioning. Investors should approach cautiously given negative price momentum and limited appreciation potential.

The PropIQ score of 55 signals continued underperformance risk, suggesting the market has not found its floor. Watch absorption rates over the next quarter; if days on market push past 90 while the above-list percentage drops below 10%, further price deterioration becomes probable. The negative growth trajectory combined with sluggish turnover indicates this ZIP requires another 5-8% correction before stabilizing at a sustainable price-to-fundamentals ratio.