78238
San Antonio, Texas

The 78238 ZIP code posted a median sale price of $226,500 as of February 2026, reflecting a moderate 3.0% year-over-year increase that trails the national appreciation rate. Homes are spending an average of 74 days on market, indicating neither urgency nor stagnation in transaction velocity. Only 6% of properties sold above list price, signaling minimal buyer competition and suggesting sellers hold limited pricing power in current negotiations.

This environment favors cost-conscious primary homebuyers who can leverage the 74-day marketing period to conduct thorough due diligence and negotiate below asking price. The 94% of homes selling at or below list creates room for offer discounts that weren't available in tighter markets. Buy-and-hold investors face marginal return scenarios given the 3.0% price growth barely outpaces carrying costs, making this less attractive for appreciation-focused strategies.

The PropIQ score of 65 signals caution, pointing to underlying vulnerabilities that could pressure prices downward if inventory increases or local economic conditions soften. The combination of extended days-on-market and minimal above-list sales suggests demand has not kept pace with supply. Buyers should monitor monthly inventory levels and employment data for San Antonio's northwest corridor, as deterioration in either metric would likely push this market into buyer-dominant territory with sub-3% appreciation ahead.