79114
Amarillo, Texas
Amarillo 79114 needs watching.
The 79114 ZIP code in Amarillo, Texas has a median sale price of $175K, down N/A year-over-year. Homes spend an average of 33 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 37 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 79114.
The 79114 ZIP code in Amarillo shows a stalled market with a median sale price of $175,000 holding flat year-over-year through February 2024. Homes are moving moderately at 33 days on market, but the absence of any properties selling above list price signals zero competitive tension among buyers. This pricing environment reflects a market where sellers have lost pricing power and properties are trading at or below their asking figures, indicating equilibrium has shifted decidedly toward buyers.
This environment favors price-sensitive buyers with time to negotiate, particularly first-time purchasers and value investors seeking cash-flowing rental properties at the $175,000 price point. The 33-day absorption rate provides room for inspection contingencies and financing arrangements without competitive pressure. Sellers face headwinds and should expect to accept list price or below, making this period challenging for those requiring equity extraction or quick exits to meet relocation timelines.
The PropIQ score of 37 out of 100 signals caution, suggesting weak forward momentum and potential downside risk if current conditions persist. With zero above-list sales and flat annual appreciation, watch for inventory accumulation that could pressure prices lower in subsequent quarters. The data points to a market requiring 60-90 days of new sales velocity metrics to confirm whether this represents temporary consolidation or the beginning of a corrective cycle.
What is the median home price in 79114 Amarillo?
The median sale price in 79114 is $175K, down N/A year-over-year as of 2024-02-29.
How long do homes stay on the market in Amarillo 79114?
Homes in 79114 Amarillo spend an average of 33 days on market before going under contract.
Is Amarillo 79114 a good place to invest in real estate?
Folio's PropIQ™ score for 79114 is 37/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 37 mean for 79114?
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 37 = Caution in 79114 Amarillo, Texas.