78065
San Antonio, Texas

The 78065 market has experienced severe price contraction, with the median sale price dropping to $207,500 after a 49.4% year-over-year decline. Homes are spending an average of 75.5 days on market, indicating subdued demand in this San Antonio ZIP code. Only 17% of properties are closing above list price, confirming that sellers have lost negotiating leverage and the market has shifted decisively toward buyers after what appears to be a significant correction from previous peak levels.

Price-sensitive first-time buyers and value investors gain maximum advantage in these conditions, with the $207,500 median creating accessible entry points and the 75.5-day average marketing time providing room for deliberate due diligence. The 17% above-list close rate means buyers can submit offers below asking price with reasonable probability of acceptance. Sellers facing immediate liquidity needs or job relocations are disadvantaged, as the 49.4% price decline has likely eliminated equity positions established within the past two years.

The PropIQ score of 56 signals continued caution, suggesting stabilization has not yet arrived despite the dramatic repricing already completed. With days-on-market elevated and minimal bidding competition, further modest price erosion remains possible through Q2 2026 unless inventory contracts significantly or employment drivers strengthen. Buyers should monitor whether the sub-20% above-list metric persists across subsequent months, as sustained weakness below this threshold historically precedes either capitulation pricing or extended stagnation in secondary Texas markets.