78114
San Antonio, Texas

The 78114 market shows modest appreciation with a median sale price of $300,000, up 3.5% year-over-year, while homes average 143.5 days on market—nearly five months of inventory time. Only 21% of properties sold above asking price, indicating limited bidding competition and weak buyer urgency. This extended DOM figure sits well above the sub-60-day threshold typically associated with balanced markets, suggesting sellers face extended wait times and reduced negotiating leverage in current conditions.

Buyers gain structural advantages in this environment, with 79% of transactions closing at or below list price and ample time to conduct thorough due diligence during the 143-day average marketing period. Price-sensitive purchasers can leverage the 3.5% annual appreciation rate to negotiate, as sellers holding inventory for months demonstrate vulnerability to reasonable offers. Investors seeking cash-flowing rentals may find acceptable entry pricing, though the modest appreciation rate limits near-term equity capture strategies compared to faster-appreciating submarkets.

The PropIQ score of 66 signals caution, reflecting fundamentals that haven't deteriorated severely but lack momentum for near-term acceleration. The combination of extended days-on-market and single-digit price growth suggests watching for inventory accumulation that could pressure prices downward if DOM extends beyond 150 days. Monitoring the percentage of above-list sales remains critical—any decline below 15% would indicate further market softening requiring immediate strategy adjustments.