78217
San Antonio, Texas

The 78217 market is experiencing a significant price correction, with the median sale price settling at $216,500 after a 5.9% year-over-year decline. Homes are averaging 92.5 days on market, indicating weakened buyer urgency compared to recent peak years. Only 16% of properties are selling above list price, confirming that sellers have lost pricing power and multiple-offer scenarios have become the exception rather than the norm in this San Antonio submarket.

These conditions favor patient buyers with financing already secured, as the 92.5-day averageDOM creates negotiating leverage that was absent during tighter market cycles. Investors seeking rental properties face a declining asset value environment but may find motivated sellers willing to negotiate on the $216,500 median price point. Current homeowners considering a sale should expect longer marketing periods and reduced probability of exceeding their list price given the 16% above-ask metric.

The PropIQ score of 56 signals caution and suggests continued price pressure through the next quarter, particularly if days on market extend beyond the current 92.5-day average. Buyers should monitor whether the 5.9% decline stabilizes or accelerates, as further deterioration below 56 would indicate a shift from caution to distress. The 16% above-list rate will be the key leading indicator: any drop below 10% would confirm a sustained buyer's market with additional downside risk to the $216,500 median.