78341
Alice, Texas

The Alice, TX 78341 market presents a contradictory profile with a median sale price of $62,000 remaining flat year-over-year despite exceptional extended inventory time. Properties average 354 days on market, yet 100% of completed transactions close above list price, suggesting extreme selectivity among the limited buyer pool. This divergence between protracted marketing periods and above-ask closings indicates a bifurcated market where only specific properties attract competitive interest while others languish unsold.

Value investors with extended holding capacity stand to benefit most from these conditions, as the $62,000 entry point remains accessible while the 354-day average DOM allows for patient negotiation without price pressure from competing bids. Cash buyers can leverage the year-long marketing cycles to extract concessions, though the 100% above-list close rate confirms that correctly priced, desirable properties still command premiums. Sellers face a challenging environment requiring nearly a full year to close, making this unsuitable for those needing quick liquidity.

The PropIQ score of 75 signals neutral conditions with monitoring required, reflecting the market's contradictory metrics that could resolve in either direction. The combination of static pricing and extreme DOM suggests demand remains constrained, with the above-list closings representing outliers rather than broad momentum. Watch for changes in the 354-day DOM figure as the leading indicator—shortening timelines would confirm emerging demand, while further extension would signal deepening stagnation despite the current price stability.