78161
San Antonio, Texas

ZIP code 78161 is experiencing significant downward pressure, with the median sale price falling to $159,000, representing a sharp 33.5% year-over-year decline. Homes are averaging 110.5 days on market, well above the typical velocity threshold of 60 days that signals balanced conditions. Notably, zero percent of sales are closing above list price, indicating buyers hold complete negotiating leverage and sellers are struggling to achieve asking prices in this weakened environment.

Price-sensitive buyers and patient investors seeking cash flow properties gain maximum advantage in these conditions. The 110-day marketing period allows extensive due diligence time and multiple negotiation rounds without competition pressure. Current homeowners considering selling face unfavorable conditions with the 33.5% price erosion and extended absorption rates, suggesting postponement unless relocation or financial circumstances force immediate action. Investors can likely negotiate 5-10% below list given the zero above-ask close rate.

The PropIQ score of 45 signals continued caution, suggesting stabilization remains distant and further price discovery likely continues through Q2 2026. Markets requiring 110+ days to clear inventory typically need two consecutive quarters of sub-90-day absorption before sentiment shifts. Monitoring monthly days-on-market trends and any movement in above-list closings will provide the earliest indicators of market floor formation and potential recovery trajectory.