78883
San Antonio, Texas

The 78883 market shows contradictory signals with a $615,000 median sale price climbing 26.8% year-over-year while average days on market stretches to 344 days. This disconnect between strong appreciation and extended listing periods indicates limited inventory rather than robust demand. Zero homes sold above asking price in the most recent period, confirming that buyers maintain negotiating leverage despite double-digit annual gains. The market functions more like a slow-drip appreciation cycle than an active trading environment.

Patient buyers with flexible timelines gain maximum advantage in this 344-day DOM environment, as sellers eventually capitulate after nearly a year of carrying costs. The 0% above-list statistic creates room for strategic offers below asking price, particularly on aged listings. Sellers from 2023-2024 captured the 26.8% appreciation wave, but current sellers face the reality of extended holding periods. Investors seeking cash flow should avoid this market given the liquidity constraints evident in the DOM metric.

The PropIQ score of 55 signals caution as the 26.8% price surge appears unsustainable against 344-day absorption rates. This spread between price momentum and velocity typically precedes either inventory flooding or price corrections. Monitor whether DOM contracts below 200 days, which would validate current pricing, or if the next quarter shows decelerating year-over-year gains below 15%. The zero above-list percentage suggests price discovery remains incomplete, with true market clearing levels likely below current ask prices.