78226
San Antonio, Texas

ZIP code 78226 presents a moderating market with a median sale price of $184,999, reflecting a modest +5.7% year-over-year appreciation as of February 2026. Homes are averaging 123 days on market, significantly above the regional benchmark and indicating reduced buyer urgency. Notably, zero percent of properties are selling above list price, confirming a shift from previous seller-dominated conditions and suggesting negotiating leverage has transferred to buyers in this price segment.

This environment favors patient buyers with flexible timelines who can capitalize on the 123-day marketing period to negotiate below asking prices. First-time purchasers seeking sub-$200,000 inventory should find receptive sellers in this zone. Investors focused on value-add strategies may benefit from the slower velocity, though the 51 PropIQ score signals underlying market fragility that demands conservative underwriting and adequate return margins to offset potential downside risk.

The PropIQ intelligence score of 51/100 indicates marginal market health requiring cautious positioning through 2026. Monitor absorption rates and any acceleration beyond the current 123-day DOM threshold, which would signal further demand deterioration. The combination of zero above-list sales and extended marketing times suggests price discovery remains incomplete, warranting attention to inventory accumulation trends and any contraction in year-over-year appreciation from the current 5.7% rate.