78155
San Antonio, Texas

The 78155 ZIP code shows a market in deceleration, with the median sale price reaching $261,395 and minimal year-over-year appreciation of just 0.6%. Inventory is moving slowly at 122 days on market, more than double the velocity seen in balanced conditions. Only 9% of homes are commanding above-list offers, indicating buyers hold negotiating leverage and sellers face limited pricing power in current transactions.

Cost-conscious first-time buyers gain tactical advantage in this environment, with extended DOM creating room for below-ask offers and inspection-based concessions. The single-digit percentage of above-list sales means competitive bidding pressure has evaporated compared to recent years. Sellers with equity and flexible timelines can still transact near ask, but those requiring quick sales at premium pricing will likely need to adjust expectations given the four-month average absorption rate.

The PropIQ score of 61 signals heightened caution, suggesting underlying fundamentals may deteriorate before stabilizing. Investors should monitor whether DOM extends beyond 130 days and if the percentage of homes selling above list drops below 5%, both indicating further softening. The minimal price growth of 0.6% barely outpaces holding costs, warranting close observation of employment data and mortgage rate trends before committing capital to this submarket.