77031
Houston, Texas
Houston 77031 is stable.
The 77031 ZIP code in Houston, Texas has a median sale price of $230K, down -18.0% year-over-year. Homes spend an average of 41 days on market, with 22% of homes selling above list price.
Folio's PropIQ™ score of 70 signals Neutral Watch conditions. This market is holding steady. Monitor inventory shifts before committing.
ZIP code 77031 is experiencing significant price correction, with the median sale price settling at $230,000 following an 18% year-over-year decline. Homes are moving at a moderate pace, averaging 41 days on market, while 22% of properties still command above-list offers despite the broader pullback. This data reflects a market transitioning from previous strength to more balanced conditions, where buyer negotiating power has measurably increased but seller competition for qualified offers remains present.
The current environment favors cash buyers and investors with immediate liquidity who can capitalize on the 18% price reduction while avoiding bidding wars on 78% of listings selling at or below ask. Traditional move-up buyers face less competition than in previous cycles, with the 41-day absorption rate providing adequate time for due diligence. Sellers with equity buffers can still transact, but those who purchased within the past 18 months likely face narrow or negative margins at the $230,000 median.
The PropIQ score of 70 signals neither bullish momentum nor distress, suggesting price stabilization rather than continued steep declines. Key indicators to monitor include whether days-on-market extends beyond 50 days, which would confirm further softening, and whether the 22% above-list percentage contracts below 15%, indicating demand deterioration. Current data supports a wait-and-watch posture for sellers and methodical opportunism for buyers with pre-approved financing.
What is the median home price in 77031 Houston?
The median sale price in 77031 is $230K, down -18.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Houston 77031?
Homes in 77031 Houston spend an average of 41 days on market before going under contract.
Is Houston 77031 a good place to invest in real estate?
Folio's PropIQ™ score for 77031 is 70/100 — a Neutral Watch signal. 22% of homes sold above asking.
What does a PropIQ™ score of 70 mean for 77031?
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 70 = Neutral Watch in 77031 Houston, Texas.