78230
San Antonio, Texas

# Market Report: San Antonio, TX 78230

The 78230 market has softened considerably, with the median sale price settling at $358,500, down 6.9% year-over-year. Homes are averaging 63 days on market, suggesting normal to slow absorption rates for this price tier. Only 7% of properties are selling above list price, indicating sellers have minimal pricing power. This price correction reflects the broader San Antonio slowdown as elevated mortgage rates compress buyer demand in suburban markets above $350,000.

These conditions favor patient buyers with pre-approved financing who can negotiate concessions during the extended 63-day marketing window. Sellers who purchased before 2023 retain sufficient equity to absorb the 6.9% decline, but recent buyers face breakeven challenges. Investors seeking cash-flowing rentals may find opportunity if they can negotiate 5-8% below list on properties exceeding 75 days on market. Buyers using contingent offers gain leverage in this environment.

The PropIQ score of 55 signals caution, suggesting further price discovery ahead as inventory dynamics stabilize. Monitor whether days on market extends beyond 70, which would indicate additional downward pricing pressure. The sub-10% above-list ratio suggests this market hasn't found its floor; stabilization typically requires 15-20% of sales exceeding list price. Avoid timing purchases around short-term price movements until the score improves above 60.