78623
San Antonio, Texas
San Antonio 78623 needs watching.
The 78623 ZIP code in San Antonio, Texas has a median sale price of $390K, down -27.5% year-over-year. Homes spend an average of 149 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 41 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 78623.
ZIP code 78623 is experiencing significant market correction, with the median sale price now at $390,000 following a sharp 27.5% year-over-year decline. Homes are averaging 149 days on market, nearly five months, indicating severely weakened demand. The zero percent of properties selling above list price confirms buyers hold complete negotiating leverage, with sellers unable to command premiums in current conditions.
This environment strongly favors patient, cash-positioned buyers who can exploit the prolonged marketing periods and depressed valuations. Investors seeking rental income properties may find opportunity in the 27.5% price reduction, though they must account for the 149-day absorption rate when planning acquisition timelines. Sellers face unfavorable conditions and should delay listing unless relocation or financial pressures demand immediate sale.
The PropIQ score of 41/100 signals ongoing market stress with limited near-term recovery indicators. The combination of extended days-on-market and zero above-list sales suggests inventory continues exceeding demand, likely pressuring prices further downward. Monitor monthly sales velocity and DOM trends closely; improvement in these metrics below 120 days would indicate stabilization, while continued elevation past 150 days confirms deeper correction ahead.
What is the median home price in 78623 San Antonio?
The median sale price in 78623 is $390K, down -27.5% year-over-year as of 2026-02-28.
How long do homes stay on the market in San Antonio 78623?
Homes in 78623 San Antonio spend an average of 149 days on market before going under contract.
Is San Antonio 78623 a good place to invest in real estate?
Folio's PropIQ™ score for 78623 is 41/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 41 mean for 78623?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 41 = Caution in 78623 San Antonio, Texas.