77009
Houston, Texas

ZIP code 77009 shows a cooling market with a median sale price of $490,000, down 0.5% year-over-year as of February 2026. Homes are spending an average of 51.5 days on market, indicating moderate inventory absorption relative to Houston's faster-moving submarkets. Only 12% of properties are selling above list price, a significant contraction from the bidding war conditions that characterized this area during previous years. This marks a transition from seller-dominated pricing power to more balanced negotiations.

Price-sensitive first-time buyers gain leverage in this environment, with 88% of transactions closing at or below asking price and extended days-on-market creating room for inspection-based concessions. Investors seeking cash flow over appreciation should proceed cautiously given the negative price trajectory and 55 PropIQ score. Sellers with equity cushions and flexible timelines can still exit at near-$500,000 marks, but those requiring quick liquidity face pricing pressure in a market where properties sit nearly eight weeks before transacting.

The PropIQ score of 55 signals deteriorating fundamentals that warrant close monitoring of inventory levels and price-cut frequency over the next 90 days. If days-on-market extends beyond 60 and the percentage of above-list sales drops below 10%, further price compression becomes probable. Current data suggests 77009 is entering a buyer's market phase, with the year-over-year decline likely to steepen unless demand catalysts emerge before summer inventory peaks.