78233
San Antonio, Texas

The 78233 market is experiencing a measurable slowdown with median sale prices reaching $256,250, down 2.8% year-over-year. Homes are averaging 102 days on market, indicating extended listing periods that exceed typical San Antonio absorption rates. Only 15% of properties are selling above list price, a stark contrast to competitive market conditions where that figure typically exceeds 40%. This trifecta of declining prices, prolonged inventory time, and weak bidding activity signals a clear buyer advantage environment.

This market configuration favors price-sensitive primary homebuyers with flexible timelines who can leverage the 102-day average DOM for negotiation leverage. The 15% above-list metric means 85% of transactions close at or below asking price, creating tangible savings opportunities for those avoiding bidding wars. Buy-and-hold investors face headwinds given the negative price trajectory, while sellers with equity built before 2024 can still exit profitably despite the 2.8% decline eroding recent appreciation gains.

The PropIQ score of 55 reflects algorithmic caution about near-term price stability, suggesting this downward trend may persist through Q2 2026. Markets scoring in the 50-60 range historically take 4-6 months to establish directional conviction. Buyers should monitor whether days on market contracts below 90 or the above-list percentage climbs past 20%, either of which would signal demand recovery. Current data supports continued wait-and-see positioning for those not immediately requiring relocation.