78108
San Antonio, Texas

The 78108 market has shifted decisively in favor of buyers, with the median sale price settling at $328,000 after an 8.9% year-over-year decline. Properties are averaging 124 days on market, nearly double the velocity seen in competitive metros, while only 13% of homes command above-list prices. This trifecta of falling prices, extended exposure time, and minimal bidding competition marks a clear departure from the seller-dominated conditions that characterized San Antonio's recent past.

Price-sensitive first-time buyers gain significant negotiating leverage in this environment, with 87% of transactions closing at or below list price and ample time to conduct due diligence during the four-month average marketing period. Buy-and-hold investors face compressed margins given the 8.9% price contraction, requiring careful underwriting of rental yields to offset declining asset values. Sellers without urgent timelines should reconsider listing, as current conditions penalize those seeking 2024-2025 pricing benchmarks.

The PropIQ score of 51 signals continued caution, suggesting price discovery remains incomplete and further downward pressure may materialize before stabilization. Monitor absorption rates and new listing volumes through Q2 2026; sustained inventory buildup beyond current levels would confirm additional price erosion ahead. The 124-day marketing timeline indicates buyers retain selectivity, making near-term appreciation unlikely until days-on-market compress below 90 and above-list transactions exceed 25%.