78261
San Antonio, Texas

The 78261 market has entered a correction phase, with the median sale price settling at $390,000 after declining 6.0% year-over-year. Homes are averaging 95 days on market, significantly above the typical seller-favorable threshold of 30-45 days. Only 10% of properties are closing above list price, indicating limited competition and weak buyer urgency. This data constellation points to a market that has shifted decisively from the seller-dominated conditions of previous years.

Patient buyers with financing pre-approval hold the strongest negotiating position in this environment. The 95-day average market time provides room for due diligence and multiple offer attempts without pressure. Sellers needing to transact within specific timelines face disadvantages, while investors seeking cash-flowing rentals may find pricing has corrected to levels that support positive returns. The 10% above-list metric suggests lowball offers below asking price now have realistic acceptance probability.

The PropIQ score of 55 signals continued caution through the next quarter, suggesting prices have not yet found support. The combination of extended days-on-market and year-over-year depreciation typically precedes either stabilization or further decline depending on inventory flows. Buyers should monitor whether DOM contracts below 80 days or additional listings enter the market, as the former would indicate approaching equilibrium while the latter could pressure prices down another 3-5%.