78154
San Antonio, Texas

The 78154 market shows continued appreciation with homes selling at a median of $364,995, up 8.5% year-over-year, though velocity has slowed considerably. Properties are averaging 104.5 days on market, suggesting buyers are taking longer to commit despite price growth. Only 12% of homes are closing above list price, indicating minimal bidding pressure and a shift away from the competitive dynamics that characterized previous years in this San Antonio submarket.

This environment favors patient buyers who can leverage extended marketing times to negotiate. With 88% of sales at or below list price and inventory sitting for over three months, purchasers have regained pricing power not available in tighter markets. Sellers who price aggressively from day one may still capture gains, but the 104.5-day absorption rate means those testing ceiling prices will likely face extended holds or eventual reductions.

The PropIQ score of 65 signals caution rather than momentum, reflecting the tension between ongoing appreciation and weakening transaction velocity. If days on market continue extending beyond 100 while above-list sales remain in the low teens, the 8.5% annual growth rate becomes vulnerable to compression. Monitor the ratio between new listings and closings through Q2 2026—inventory accumulation at current DOM levels would pressure sellers to moderate pricing expectations.