78349
Alice, Texas
Alice 78349 needs watching.
The 78349 ZIP code in Alice, Texas has a median sale price of $75K, down N/A year-over-year. Homes spend an average of 78 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 78349.
The Alice, TX 78349 market shows stagnation with a median sale price of $75,000 holding flat year-over-year as of November 2020. Properties average 78 days on market, indicating sluggish demand in this sub-$100K segment. Zero percent of homes sold above asking price, confirming this is decisively a buyer's market with no competitive pressure on pricing. The low absolute price point reflects the rural Jim Wells County location approximately 45 miles west of Corpus Christi.
This market favors cash buyers and value investors willing to accept longer hold periods and minimal near-term appreciation. The 78-day marketing period allows extensive due diligence without competitive bidding pressure. Sellers face headwinds and should price at or below comparable sales to avoid extended listing periods. First-time buyers benefit from negotiating power, though the flat price trajectory offers no equity-building momentum. Fix-and-flip strategies appear challenging given the absence of price appreciation.
The PropIQ score of 27/100 signals caution, suggesting structural market weakness beyond typical cyclical slowdowns. This rating indicates high probability of continued price stagnation or potential decline, warranting close monitoring of local employment data and migration patterns. Investors should track whether days-on-market extends beyond 90 days, which would confirm further demand deterioration. The zero-appreciation environment requires underwriting based solely on cash flow rather than any price growth assumptions.
What is the median home price in 78349 Alice?
The median sale price in 78349 is $75K, down N/A year-over-year as of 2020-11-30.
How long do homes stay on the market in Alice 78349?
Homes in 78349 Alice spend an average of 78 days on market before going under contract.
Is Alice 78349 a good place to invest in real estate?
Folio's PropIQ™ score for 78349 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 78349?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 27 = Caution in 78349 Alice, Texas.