78523
Brownsville, Texas
Brownsville 78523 needs watching.
The 78523 ZIP code in Brownsville, Texas has a median sale price of $235K, down N/A year-over-year. Homes spend an average of 110 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 78523.
The 78523 ZIP code shows a stalled pricing environment with homes listing at a median of $235,000, unchanged from the previous year. Market absorption remains sluggish at 110 days on market, nearly four months from listing to contract. Zero properties closed above asking price in the most recent period, indicating buyers face no competitive pressure and maintain full negotiating leverage in transactions.
This market configuration favors patient buyers seeking below-list acquisitions and extended due diligence timelines. The 110-day absorption rate provides ample time for inspection negotiations and financing arrangements without competing offers. Sellers face headwinds and should avoid this market unless necessary, as the flat price trajectory and absence of above-ask sales suggest further concessions may be required to transact.
The PropIQ score of 27 signals deteriorating fundamentals and caution across multiple market indicators. With prices already flat and absorption extending beyond three months, downward price pressure likely intensifies before stabilization occurs. Monitor listing inventory growth and any movement in days-on-market metrics; sustained increases above 110 days would confirm additional price compression ahead for this submarket.
What is the median home price in 78523 Brownsville?
The median sale price in 78523 is $235K, down N/A year-over-year as of 2024-09-30.
How long do homes stay on the market in Brownsville 78523?
Homes in 78523 Brownsville spend an average of 110 days on market before going under contract.
Is Brownsville 78523 a good place to invest in real estate?
Folio's PropIQ™ score for 78523 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 78523?
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 78523 Brownsville, Texas.