78121
San Antonio, Texas

The 78121 market has shifted decisively in favor of buyers, with the median sale price reaching $483,000 while declining 6.2% year-over-year through February 2026. Homes are averaging 117 days on market, indicating significantly slower absorption than the sub-30-day cycles seen during peak periods. Only 15% of properties are closing above list price, confirming that bidding wars have largely evaporated and sellers are accepting below-ask offers in most transactions.

Cost-conscious buyers with flexible timelines are positioned to capitalize on current conditions, as the 117-day marketing period provides substantial negotiating leverage that didn't exist when inventory was constrained. First-time buyers previously priced out can now negotiate from strength, while investors seeking cash-flow properties should model the 6.2% annual depreciation into their acquisition analysis. Sellers face the weakest pricing power in years and should expect extended marketing periods unless priced 5-8% below comparable listings.

The PropIQ score of 51 signals persistent headwinds, suggesting prices may soften further before stabilization occurs in this corridor. The extended days-on-market metric typically precedes additional price reductions as seller urgency increases beyond the four-month mark. Buyers should monitor absorption rates and new listing volume over the next 60-90 days, as any inventory surge below the current score threshold would likely accelerate downward price pressure.