78221
San Antonio, Texas

The 78221 market has shifted into buyer-favorable territory with a median sale price of $211,499, down 2.5% year-over-year, marking a clear departure from San Antonio's broader appreciation trends. Properties are averaging 80.5 days on market, significantly above the typical 45-60 day range seen in balanced conditions. Only 22% of homes are closing above list price, indicating weakened competition and reduced urgency among the buyer pool in this southeast San Antonio corridor.

This environment favors patient buyers with financing secured who can negotiate from strength, particularly first-time purchasers priced out of northern San Antonio submarkets where medians exceed $300,000. The 80-day absorption rate gives buyers time for thorough inspections and multiple offer attempts without bidding wars. Buy-and-hold investors face headwinds from the negative price trajectory, while sellers who purchased before 2023 retain enough equity to exit, though recent buyers may be underwater or break-even.

The PropIQ score of 60 signals caution as downward price pressure may persist through Q2 2026 if days-on-market extends beyond 85 days or if the above-list percentage drops below 20%. Inventory levels and mortgage rate movements will determine whether this represents a temporary correction or sustained depreciation. Buyers should monitor monthly sold-to-list price ratios and new listing volumes, as stabilization requires DOM contraction below 70 days and above-list transactions returning above 30%.