78592
Brownsville, Texas
Brownsville 78592 needs watching.
The 78592 ZIP code in Brownsville, Texas has a median sale price of $65K, down N/A year-over-year. Homes spend an average of 203 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 45 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 78592.
The Brownsville 78592 market shows significant stagnation with a median sale price of $65,000 holding flat year-over-year as of May 2024. Properties are averaging 203 days on market, nearly seven months, indicating weak buyer demand and limited liquidity. Zero homes have sold above asking price, confirming a buyer-controlled environment where sellers lack pricing power. This extended marketing period reflects a market where transactions require substantial patience and price discipline to close.
This environment favors cash buyers and value investors willing to absorb the 203-day holding cost during acquisition. The $65,000 entry point creates accessibility for first-time buyers with limited capital, though the flat appreciation and extended timelines suggest minimal near-term equity building. Sellers face challenging conditions and should anticipate negotiations below list price given the zero above-ask sales rate. Speculative flippers should avoid this market given the liquidity constraints and absence of price momentum.
The PropIQ score of 45 signals caution, consistent with the prolonged days-on-market and stagnant pricing data observed. This below-midpoint score suggests potential further softening unless demand catalysts emerge to reduce inventory absorption time. Monitoring monthly DOM trends and any movement in the above-list sale percentage will provide early indication of demand recovery. Until days on market compress below 120 and some properties achieve above-ask sales, expect continued price flatness through 2024.
What is the median home price in 78592 Brownsville?
The median sale price in 78592 is $65K, down N/A year-over-year as of 2024-05-31.
How long do homes stay on the market in Brownsville 78592?
Homes in 78592 Brownsville spend an average of 203 days on market before going under contract.
Is Brownsville 78592 a good place to invest in real estate?
Folio's PropIQ™ score for 78592 is 45/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 45 mean for 78592?
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 45 = Caution in 78592 Brownsville, Texas.