77003
Houston, Texas

The 77003 market is showing clear deceleration, with the median sale price at $375,000 reflecting a 2.2% year-over-year decline. Homes are averaging 80 days on market, indicating extended inventory absorption compared to Houston's recent hot market periods. Only 9% of properties are selling above list price, suggesting minimal competitive tension and a shift toward buyer negotiating leverage after years of seller dominance in this urban core location.

This environment favors patient buyers with financing secured and flexible timelines, as the 80-day average DOM provides room for due diligence and price negotiation. The 91% of homes selling at or below list allows buyers to submit offers under asking with reasonable acceptance probability. Sellers with equity cushions can still exit successfully at $375,000, but those counting on appreciation from 2021-2023 face the 2.2% decline reality and should price competitively from listing day one.

The PropIQ score of 55 signals caution rather than crisis, suggesting continued softness without imminent collapse. The negative price trajectory combined with extended DOM indicates buyers should monitor whether inventory accumulation accelerates beyond current levels. If days on market push past 90 and price cuts become widespread, the score could deteriorate further, but current data suggests stabilization around these subdued levels rather than sharp directional movement either way.