77019
Houston, Texas

# ZIP 77019 Market Report | February 2026

The 77019 market is experiencing significant contraction, with median sale prices at $685,000 representing a sharp 16.5% year-over-year decline. Homes are averaging 62 days on market, substantially above Houston's typical turnover rate. Only 3% of properties are selling above list price, indicating minimal buyer competition and weak pricing power for sellers. This correction follows years of appreciation in this River Oaks-adjacent corridor, now reversing as inventory absorption slows considerably.

Buyers with flexibility hold decisive advantages in this environment, particularly those able to negotiate aggressively given the 97% of homes selling at or below ask. Investors seeking cash flow over appreciation may find entry points, though the 16.5% decline demands caution on near-term valuation assumptions. Sellers face difficult conditions unless circumstances permit waiting 12-18 months for potential stabilization. The 62-day marketing period requires realistic pricing strategies from the outset to avoid extended listing periods.

The PropIQ score of 45 signals continued downward pressure, suggesting this correction has further to run before finding a floor. Price discovery remains incomplete with insufficient transaction velocity to establish new equilibrium levels. Monitor inventory growth rates and any movement in days-on-market metrics below 50 days as early stabilization indicators. Current data suggests delaying non-essential transactions until clearer directional signals emerge in Q3 2026 or beyond.