78207
San Antonio, Texas

ZIP code 78207 shows a median sale price of $117,500 with a substantial 17.5% year-over-year appreciation, yet properties remain on market for an extended 164 days as of February 2026. Only 18% of homes are selling above list price, indicating limited buyer urgency despite the double-digit price growth. The market demonstrates characteristics of delayed absorption, where price gains have outpaced demand intensity, creating a disconnect between seller expectations and buyer response times.

This environment favors patient cash buyers and value investors who can negotiate during the 164-day listing windows, as the low percentage of above-ask sales suggests room for price discovery. Sellers who purchased before the 17.5% appreciation cycle can still extract equity gains, but must account for longer holding costs during marketing periods. Traditional owner-occupant buyers face affordability challenges from the price surge without corresponding demand indicators that would justify competitive bidding.

The PropIQ score of 66 signals caution, suggesting the 17.5% appreciation rate may not be sustainable given the extended days-on-market metric. Monitor whether DOM continues expanding while above-list sales decline further, which would indicate price resistance forming at current levels. The divergence between rapid price growth and sluggish transaction velocity presents elevated risk for buyers entering at recent peak valuations.