78376
Alice, Texas

The 78376 ZIP code in Alice, TX shows a stagnant market with a median sale price of $35,000 holding flat year-over-year as of March 2024. Properties are averaging 389 days on market, indicating extremely weak buyer demand and limited transaction velocity. Not a single home sold above asking price, confirming this as a deeply distressed market where sellers hold zero pricing power and inventory moves at a glacial pace.

This market favors cash buyers seeking deeply discounted properties and investors with extended time horizons who can absorb 13-month average holding periods. The $35,000 median price point attracts fix-and-flip operators targeting entry-level inventory, though the 389-day marketing period suggests significant execution risk. Sellers face unfavorable conditions with no competitive bidding and should expect extended listing periods or price concessions to generate interest in this buyer-controlled environment.

The PropIQ score of 27 signals caution, reflecting weak market fundamentals that suggest continued price pressure or stagnation ahead. With liquidity this constrained and zero homes commanding premiums, any economic headwinds or local employment disruptions could push prices below current levels. Monitor absorption rates and new listing inventory closely; without improvement in days-on-market metrics below 300 days, this market lacks the momentum for near-term price appreciation.