78240
San Antonio, Texas

The 78240 market shows price compression with the median sale price at $275,000, down 0.9% year-over-year, marking a shift from the appreciation trajectory of previous years. Homes are averaging 74 days on market, indicating moderate absorption rates that require realistic pricing strategies. Only 15% of transactions close above list price, confirming the market has transitioned away from competitive bidding dynamics that characterized the 2021-2023 period.

Buyers gain negotiating leverage in these conditions, particularly those seeking primary residences in the $250,000-$300,000 range who can exploit the 74-day inventory timeline. The 15% above-ask ratio means 85% of successful offers come in at or below list price, creating room for due diligence and inspection-based negotiations. Sellers with equity cushions and flexible timelines can still transact, but those requiring quick exits face pricing pressure in a market where urgency has dissipated.

The PropIQ score of 60 signals caution, suggesting volatility or downward price risk persists into Q2 2026. Monitoring days-on-market trends will indicate whether the 74-day average extends further, which would pressure sellers toward additional concessions. The sub-1% price decline could steepen if San Antonio employment data weakens or if mortgage rates remain elevated, making the next 90 days critical for confirming whether this represents stabilization or continued deceleration.