San Antonio, TX

The market in ZIP 78254 is characterized by cooling dynamics, with a substantial year-over-year decline in new listings and an increase in median days on market. While the pending ratio has risen over the past year, indicating some sustained demand, active listings have contracted. Pricing shows modest year-over-year declines in median listing price and median price per square foot.

Currently, active listings stand at 466, a 5.9% reduction compared to the prior year. New listings, however, have seen a more significant contraction, decreasing by 27.5% year-over-year to 116. The median listing price is $342,000, representing a 0.8% year-over-year decrease and a slight 0.1% month-over-month decline. Median days on market have extended to 65, an increase of 14.0% year-over-year. The share of price-reduced listings is 26.8%, which is 6.8% lower than the prior year. The pending ratio is 0.38, reflecting a 10.7% increase over the past year. Median price per square foot is $155, a 3.4% decrease year-over-year.

The contracting supply, particularly in new listings, suggests some inventory pressure, yet the extended median days on market and declining median price per square foot indicate that properties are taking longer to transact and are under some price discipline. The increased pending ratio over the past year suggests persistent buyer interest, but the overall market pace has moderated.

The average listing price of $364,284 is 6.5% higher than the median listing price of $342,000, indicating a segment of properties listed at higher values. The median price per square foot is $155.