San Antonio, TX

The market for ZIP 78253 is Cooling. Median listing prices have experienced a modest decline, both month-over-month (-1.4%) and year-over-year (-2.8%), while active listings have grown substantially year-over-year (17.4%). The pending ratio has also decreased significantly over the past year (-9.6%), indicating a shift in market dynamics.

The most recent data for ZIP 78253 reveals a market experiencing sustained cooling. The median listing price currently stands at $329,900, reflecting a 1.4% decline from the prior month and a 2.8% reduction over the past year. Concurrently, active listings have expanded by 17.4% year-over-year, reaching 680 units, while new listings saw a slight year-over-year decrease of 4.3% to 180. The median days on market has decreased by 5.6% year-over-year to 67 days, which is somewhat contrary to the broader cooling trend. However, the price-reduced share has increased by 2.3% year-over-year, now at 25.6%. The pending ratio, currently at 0.38, has shown a significant year-over-year decline of 9.6%, reinforcing the observed cooling trend.

The increasing supply, evidenced by the 17.4% year-over-year growth in active listings, and the declining pending ratio (-9.6% year-over-year), suggest that the pace of transaction activity has moderated. This indicates a market where buyers are afforded greater opportunity for price discipline, as the inventory pressure on sellers has increased. The growth in the price-reduced share (2.3% year-over-year) further underscores this dynamic, suggesting a recalibration of pricing expectations among sellers.

The average listing price of $360,200 significantly exceeds the median listing price of $329,900, with a spread of $30,300. This indicates a discernible premium for properties at the higher end of the market segment. The median price per square foot is currently $156, reflecting a year-over-year decline of 2.3%.