78242
San Antonio, Texas

The 78242 market is experiencing a correction, with the median sale price declining 3.1% year-over-year to $173,000. Properties are averaging 71 days on market, well above the benchmark for balanced conditions. Only 16% of homes are selling above list price, indicating weak buyer competition and limited pricing power for sellers. This data cluster points to a market that has shifted decisively from the seller-favorable conditions of previous years.

Price-sensitive first-time buyers gain the most leverage in this environment, with extended market times allowing for inspection negotiations and below-ask offers. Investors seeking cash-flowing rental properties at the $173,000 price point can negotiate favorable entry positions given the 84% of homes selling at or below list. Current sellers face challenges and should expect longer marketing periods and potential price adjustments to secure offers.

The PropIQ score of 60 signals caution rather than outright distress, suggesting stabilization rather than freefall. Watch absorption rates over the next 90 days; if days on market extends beyond 80 while inventory builds, further price compression becomes probable. The 3.1% decline may represent a floor if employment data remains stable, but lack of bidding activity at 16% indicates no near-term catalyst for appreciation.