79124
Amarillo, Texas

The 79124 ZIP code in Amarillo shows a median sale price of $375,000 as of February 2026, representing a substantial 19.0% year-over-year increase. However, this price appreciation coincides with extended market time, as homes are averaging 155 days on market—well above typical balanced market thresholds. Notably, zero percent of properties are selling above list price, indicating that despite the annual gains, current pricing has met buyer resistance and momentum has stalled.

This market configuration favors patient buyers with negotiating leverage. The 155-day average DOM and complete absence of above-list sales create conditions for offer flexibility and potential concessions from sellers who have exhausted their listing period. Investors seeking cash flow should proceed cautiously given the stretched DOM relative to price levels, while sellers who captured gains earlier in the appreciation cycle likely fared better than those listing now into slowing demand.

The PropIQ score of 51 signals caution, reflecting the divergence between backward-looking price gains and forward-looking demand indicators. The extended DOM suggests inventory is building faster than absorption rates can clear it, which typically precedes price stabilization or correction. Monitoring month-over-month DOM trends and any increase in price reductions will be critical—if days on market continue extending beyond 160-170 days, the 19% annual appreciation rate becomes unsustainable at current price levels.