78109
San Antonio, Texas

# Market Report: ZIP 78109, San Antonio TX

The 78109 market has entered a corrective phase with the median sale price at $241,000, down 6.6% year-over-year. Homes are averaging 106 days on market, indicating decreased buyer urgency compared to the rapid turnover periods of recent years. Only 12% of properties are selling above list price, a sharp contrast to the bidding war environment that characterized this market previously. This data confirms a shift toward buyer-favorable conditions as pricing power transfers from sellers.

Price-sensitive buyers gain significant negotiating leverage in this environment, particularly those willing to conduct extended property searches beyond the 106-day average DOM. The 88% of homes selling at or below list price creates room for offer negotiations and contingency requests that would have been rejected in tighter market conditions. Investors seeking cash-flowing rentals should model conservative appreciation assumptions given the negative 6.6% trajectory, focusing instead on immediate yield rather than near-term equity gains.

The PropIQ score of 55 signals caution rather than crisis, suggesting stabilization rather than freefall, but continued price discovery is likely before establishing a new baseline. Monitoring the percentage of above-list sales will indicate whether the 12% figure is declining further or finding support. The combination of extended DOM and negative price momentum suggests sellers who delay listing risk further depreciation, while buyers face a narrowing window before potential stabilization eliminates current negotiating advantages.