San Antonio, TX

The ZIP code currently exhibits Very Weak market conditions. While the pending ratio suggests some transactional activity, a sustained decline in median listing price year-over-year, alongside a comparatively high share of price reductions, indicates a challenging environment for sellers.

The median listing price has experienced a notable year-over-year decrease of 3.2%, settling at $290,000. Active listings have seen a marginal year-over-year contraction of 2.8%, to 209 units. Concurrently, new listings increased by 6.3% year-over-year, reaching 68 units. Properties are spending more time on the market, with median days on market rising 5.0% year-over-year to 53 days. The price-reduced share remains elevated at 28.0%, showing a slight year-over-year increase of 0.3 percentage points. The pending ratio stands at 0.25, reflecting a 1.6% year-over-year increase, but remains indicative of limited absorption.

In the current climate, negotiating leverage appears to favor those acquiring property. The year-over-year decline in median listing price, coupled with increasing days on market and a significant share of listings undergoing price reductions, suggests sellers are exercising greater price discipline to facilitate transactions. The pending ratio of 0.25 indicates a slower pace of absorption relative to available inventory.

The average listing price of $296,934 exceeds the median listing price of $290,000 by $6,934, suggesting a segment of higher-priced properties within the overall market. The median price per square foot is $158.