78229
San Antonio, Texas
San Antonio 78229 needs watching.
The 78229 ZIP code in San Antonio, Texas has a median sale price of $165K, down -4.6% year-over-year. Homes spend an average of 84 days on market, with 10% of homes selling above list price.
Folio's PropIQ™ score of 51 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 78229.
The 78229 market is experiencing a price correction, with the median sale price reaching $165,000, down 4.6% year-over-year. Homes are averaging 84 days on market, significantly above the velocity seen in tighter markets. Only 10% of properties are closing above list price, indicating sellers hold minimal pricing power. This deceleration marks a shift from the post-pandemic appreciation cycle that characterized San Antonio's northern submarkets through 2024.
These conditions favor cash buyers and value-oriented investors who can absorb the extended marketing period without carrying cost pressure. Sellers facing timeline constraints should expect negotiation headwinds given the 90% of transactions closing at or below list price. First-time buyers gain leverage here that wasn't available 18 months ago, though the 84-day absorption rate requires patience and pre-approved financing to capitalize on the modest price reductions.
The PropIQ score of 51 signals caution rather than distress, suggesting stabilization rather than continued decline. The sub-$170,000 median keeps this ZIP accessible, but buyers should monitor whether days-on-market contracts toward 60 days as a leading indicator of demand recovery. If inventory continues absorbing slowly past spring selling season, another 2-3% price adjustment becomes probable before the market finds equilibrium in Q4 2026.
What is the median home price in 78229 San Antonio?
The median sale price in 78229 is $165K, down -4.6% year-over-year as of 2026-02-28.
How long do homes stay on the market in San Antonio 78229?
Homes in 78229 San Antonio spend an average of 84 days on market before going under contract.
Is San Antonio 78229 a good place to invest in real estate?
Folio's PropIQ™ score for 78229 is 51/100 — a Caution signal. 10% of homes sold above asking.
What does a PropIQ™ score of 51 mean for 78229?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 51 = Caution in 78229 San Antonio, Texas.