78135
San Antonio, Texas

The 78135 ZIP code posted a median sale price of $309,000 as of June 2018, representing an 18.8% year-over-year increase that significantly outpaces typical San Antonio appreciation. Properties are moving rapidly at 19 days on market, yet zero homes sold above list price, creating an unusual disconnect between velocity and pricing power. This combination suggests strong demand meeting firm seller resistance at current asking prices, with transactions closing at or slightly below list.

Buyers willing to negotiate retain leverage despite the compressed timeline, as the 0% above-list metric indicates room for price discovery on individual properties. Sellers benefit from the quick turnover and substantial annual gains, though they must price strategically rather than optimistically. Investors seeking appreciation plays have already captured significant equity, but the 18.8% gain may prove difficult to replicate without corresponding rent growth supporting valuations at these elevated levels.

The PropIQ score of 64 signals caution, suggesting current momentum faces headwinds that could slow the aggressive price growth observed over the past year. The combination of rapid sales velocity with zero above-list transactions indicates the market may be reaching a saturation point at the $309,000 price tier. Monitor absorption rates and any increase in days-on-market as leading indicators of whether double-digit appreciation can sustain through 2019.