78655
San Antonio, Texas

The 78655 market shows conflicting signals as of February 2026, with the median sale price reaching $515,000 following a substantial 33.8% year-over-year increase. However, this price appreciation contrasts sharply with market velocity metrics: homes now average 134.5 days on market, indicating weakened buyer urgency despite the continued price gains. Only 25% of properties sell above list price, suggesting sellers maintain pricing power in just one quarter of transactions while the remaining 75% settle at or below asking.

This environment favors patient buyers with financing pre-approval and flexible timelines, as the 134.5-day marketing period provides negotiation leverage on three-quarters of listings trading at or below ask. Sellers who purchased before the 33.8% run-up can still exit with substantial equity gains, though they must price strategically given that most homes don't command premiums. Investors face compressed yield scenarios: the $515,000 entry point combined with moderating demand metrics makes cash flow analysis critical before acquisition.

The PropIQ score of 60 signals caution warranted, suggesting the 33.8% price surge may have outpaced fundamental demand given the extended days-on-market figure. Watch for days-on-market trending beyond 150, which would confirm buyer resistance at current pricing levels and likely force price stabilization or correction. The divergence between strong year-over-year appreciation and weak velocity metrics indicates a market transitioning from seller advantage toward equilibrium, with spring 2026 inventory levels determining whether prices hold or adjust downward.