78247
San Antonio, Texas

The 78247 market has entered a stall phase, with the median sale price holding flat at $280,000 year-over-year, indicating zero appreciation over the past twelve months. Homes are sitting 90 days on market before transacting, well above the typical 30-45 day benchmark for healthy velocity. Only 11% of properties are closing above list price, confirming that buyer urgency has evaporated and sellers hold minimal pricing power in current negotiations.

This environment favors patient buyers with financing locked and flexibility on timing, as the 90-day absorption rate creates room for strategic lowball offers on stagnant listings. Cash investors seeking rental yield rather than appreciation should find the flat pricing acceptable for underwriting purposes. Sellers face the weakest position: those without urgency should delay listing, while motivated sellers must price aggressively below recent comps to avoid extending beyond the 90-day average.

The PropIQ score of 65 signals caution rather than crisis, suggesting sideways price movement with downside risk if days-on-market extends further. The zero appreciation trend combined with weak above-list performance indicates demand has not kept pace with inventory levels. Monitor whether DOM climbs past 100 days in coming months, which would confirm a shift toward a buyer-dominated market requiring price corrections of 5-8% to restore transaction velocity.