77016
Houston, Texas
Houston 77016 needs watching.
The 77016 ZIP code in Houston, Texas has a median sale price of $223K, down -12.1% year-over-year. Homes spend an average of 69 days on market, with 9% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 77016.
ZIP code 77016 in Houston is experiencing significant downward price pressure, with the median sale price settling at $223,000 after a sharp 12.1% year-over-year decline. Homes are averaging 68.5 days on market, indicating moderating demand compared to peak conditions. Only 9% of properties are selling above asking price, confirming that sellers have lost pricing power and buyers are negotiating from a position of strength in this northeast Houston submarket.
This environment favors cash buyers and investors with holding capacity who can absorb near-term depreciation risk while banking on long-term Houston population growth. First-time buyers gain negotiating leverage with the extended 68.5-day marketing period and minimal bidding competition. Sellers facing must-move situations should expect realistic pricing discipline, as the 9% above-ask figure demonstrates that premium pricing strategies are failing in 91% of transactions.
The PropIQ score of 55 signals caution, suggesting the price correction may not be complete and further softness could emerge before stabilization. Monitoring month-over-month absorption rates and any increase in the above-list percentage beyond 9% would indicate demand recovery. The current data supports a wait-and-see approach for discretionary sellers, while buyers should track whether days-on-market contracts from the current 68.5-day average as a leading indicator of market bottom formation.
What is the median home price in 77016 Houston?
The median sale price in 77016 is $223K, down -12.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Houston 77016?
Homes in 77016 Houston spend an average of 69 days on market before going under contract.
Is Houston 77016 a good place to invest in real estate?
Folio's PropIQ™ score for 77016 is 55/100 — a Caution signal. 9% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 77016?
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 55 = Caution in 77016 Houston, Texas.