78259
San Antonio, Texas

The 78259 market has shifted decisively in favor of buyers, with the median sale price at $397,250 representing a 3.1% year-over-year decline. Homes are sitting for an average of 94.5 days, nearly double the velocity seen in tighter market conditions. Only 14% of transactions close above asking price, confirming that bidding wars have evaporated and sellers are now competing for a limited buyer pool rather than the inverse dynamic of recent years.

This environment rewards patient buyers with strong financing who can leverage the 94.5-day inventory cycle to negotiate concessions. Investors seeking cash flow should find more realistic entry pricing than 2024-2025 peaks, though the negative price trajectory demands careful rent-to-price analysis. Sellers face headwinds: the 86% of homes closing at or below list price means aggressive pricing strategies fail, and those without equity buffers or time flexibility should reconsider market timing.

The PropIQ score of 55 signals continued caution through the next quarter, suggesting the 3.1% decline may not have reached bottom. Watch absorption rates and whether days-on-market extends past 100, which would indicate oversupply conditions. The 14% above-ask rate needs to stabilize above 20% before momentum shifts back toward equilibrium, making Q2 2026 critical for directional confirmation.