78861
San Antonio, Texas

ZIP code 78861 recorded a median sale price of $269,500 as of February 2026, representing a dramatic 56.7% year-over-year increase that significantly outpaces regional norms. Homes are moving at a moderate pace with an average 92 days on market, while 33% of properties sell above asking price. This combination of strong price appreciation and steady absorption suggests demand is absorbing inventory despite the elevated price trajectory, though the velocity indicates measured rather than frenzied buyer activity.

The current conditions favor sellers with existing equity and patient buyers willing to negotiate. With only one-third of sales exceeding list price, the remaining 67% suggest room for price discovery and tactical offers below asking. The 92-day market time provides buyers leverage that wouldn't exist in faster-moving markets, while sellers benefit from the 56.7% annual appreciation if they purchased within the past 18 months. Investors seeking rapid flips face timing risk given the three-month average hold on market.

The PropIQ score of 67 signals caution, suggesting the 56.7% price surge may not be sustainable at current trajectory. This gap between recent performance and forward indicators warrants monitoring absorption rates and any expansion in days-on-market metrics over the next quarter. Buyers should track whether the percentage of above-list sales contracts from 33%, which would confirm cooling momentum. The elevated caution score indicates potential mean reversion risk for properties purchased at current valuations.