79008
Borger, Texas
Borger 79008 needs watching.
The 79008 ZIP code in Borger, Texas has a median sale price of $11K, down N/A year-over-year. Homes spend an average of 519 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 79008.
The Borger 79008 market shows extreme distress with a median sale price of $11,000 and properties averaging 519 days on market as of December 2023. Price movement remains flat year-over-year, indicating neither recovery nor further decline from an already depressed baseline. Zero percent of homes sold above list price, confirming absent buyer competition and suggesting sellers accept any reasonable offer to exit positions.
This environment favors cash investors with high risk tolerance and renovation capital, particularly those targeting properties requiring substantial rehabilitation that traditional financing cannot support at sub-$15,000 price points. Owner-occupant buyers face financing obstacles as most lenders impose minimum loan amounts exceeding local median prices. Current sellers confront a 17-month average marketing period and should expect offers below asking price given market dynamics.
The PropIQ score of 27 signals elevated caution, reflecting structural market weakness beyond typical cyclical softness. Investors should monitor local employment data and population trends, as the prolonged days-on-market metric suggests fundamental demand deficiency rather than temporary oversupply. Without catalysts for job growth or population stabilization, price appreciation remains unlikely through 2024, though the flat year-over-year trend indicates a potential bottoming phase.
What is the median home price in 79008 Borger?
The median sale price in 79008 is $11K, down N/A year-over-year as of 2023-12-31.
How long do homes stay on the market in Borger 79008?
Homes in 79008 Borger spend an average of 519 days on market before going under contract.
Is Borger 79008 a good place to invest in real estate?
Folio's PropIQ™ score for 79008 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 79008?
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 79008 Borger, Texas.