78220
San Antonio, Texas

The 78220 ZIP code shows softening conditions with a median sale price of $198,999, down 5.2% year-over-year, marking a measurable correction in this San Antonio submarket. Homes are sitting longer at 85.5 days on market, well above the velocity seen during tighter inventory periods. Only 14% of sales close above list price, indicating sellers have lost pricing leverage and buyers are successfully negotiating reductions or holding firm on initial offers.

This environment favors patient buyers with financing secured who can capitalize on the 5.2% price decline and extended negotiation windows. The 85.5-day market time allows for thorough due diligence and multiple property comparisons before committing. Sellers face headwinds and should price competitively from listing day, as the 14% above-ask close rate suggests optimistic pricing strategies fail in current conditions. Investors seeking cash flow over appreciation may find entry points, though the downward trajectory requires conservative underwriting.

The PropIQ score of 51 signals caution, reflecting unstable pricing momentum and unclear directional conviction in this micro-market. The combination of negative price growth and extended days on market suggests further softening unless demand catalysts emerge through employment growth or rate relief. Monitoring month-over-month inventory levels and any contraction in the 85.5-day average will indicate whether the market is finding a floor or continuing its descent through 2026.