78253
San Antonio, Texas

The 78253 market shows moderate price appreciation with homes selling at a median of $323,290, up 4.0% year-over-year, which tracks below historical San Antonio appreciation rates. Market velocity has slowed considerably, with properties averaging 111 days on market, indicating reduced buyer urgency compared to tighter inventory periods. Only 14% of transactions close above asking price, signaling a shift toward buyer negotiating power and away from the competitive bidding environment of previous years.

This environment favors patient buyers with financing secured who can absorb the extended 111-day marketing period without pressure. The 86% of homes selling at or below list price creates room for offer negotiations that were unavailable during peak demand cycles. Sellers with equity cushions built before 2024 can still exit profitably given the 4.0% annual gain, but recent purchasers face minimal appreciation and should avoid selling unless necessary given transaction costs.

The PropIQ score of 65 reflects underlying market stress that warrants caution before major commitments. The combination of extended days-on-market and suppressed above-list sales suggests demand has not kept pace with available inventory, creating downward price pressure. Monitoring monthly absorption rates and any acceleration beyond 111 days on market will indicate whether the 4.0% appreciation rate can hold or faces compression in subsequent quarters.