78235
San Antonio, Texas

ZIP code 78235 in San Antonio presents a pronounced buyer's market, with the median sale price settling at $325,000 after declining 7.1% year-over-year through February 2026. Properties are averaging 395 days on market, an exceptionally extended timeline that signals weak demand and substantial inventory overhang. The complete absence of homes selling above list price confirms sellers hold virtually no negotiating leverage in current conditions.

This environment strongly favors patient cash buyers and investors with long holding horizons who can absorb the ongoing price depreciation. The 395-day marketing period allows extensive due diligence and eliminates competitive bidding pressure entirely. Sellers face unfavorable conditions and should consider delaying listings unless relocation or financial circumstances require immediate action, as the zero above-ask sales rate indicates systematic price resistance.

The PropIQ score of 45 signals continued caution, suggesting price stabilization remains distant with current demand fundamentals. The extended days-on-market metric indicates inventory absorption will likely take multiple quarters, maintaining downward price pressure through mid-2026. Buyers should monitor month-over-month sales velocity and new listing volumes as leading indicators of when the market approaches its price floor and sentiment shifts.