78249
San Antonio, Texas

The 78249 market has shifted decisively to buyers, with the median sale price declining 5.4% year-over-year to $315,000 while homes sit for an average of 97 days before selling. Only 4% of properties are commanding above-asking offers, signaling weak competitive tension. This represents a significant cooling from prior years, with sellers now facing extended marketing periods and downward price pressure that has erased roughly $18,000 in median value over twelve months.

First-time buyers and cost-conscious purchasers gain substantial negotiating leverage in these conditions, as the 97-day absorption period and minimal bidding wars create space for inspection contingencies and price negotiations that were unavailable during tighter markets. Investors seeking cash flow over appreciation should proceed cautiously given the negative price trajectory. Sellers with equity cushions and non-urgent timelines can still transact at $315,000 median, but those requiring quick exits face meaningful concessions in this 45-rated environment.

The PropIQ score of 45 suggests deteriorating fundamentals that warrant continued caution through mid-2026, with price stabilization unlikely until days-on-market compress below 75 and above-list sales exceed 15%. Current velocity indicates further softening remains possible before equilibrium returns. Monitoring monthly absorption rates and new listing volumes will provide the earliest signals of trend reversal, though present data suggests buyers maintain advantage for at least two additional quarters.