77043
Houston, Texas

# Market Report: Houston ZIP 77043

The 77043 market registers a median sale price of $436,000 with modest annual appreciation of 1.1%, indicating price stability rather than momentum. Inventory moves at a moderate pace with properties averaging 42 days on market, while only 11% of homes close above asking price. This pricing dynamic suggests buyers maintain negotiating leverage, with sellers unable to command premiums that characterized tighter market conditions. The single-digit above-ask percentage confirms this is neither a distressed market nor a competitive bidding environment.

Current conditions favor patient buyers who can afford the $436,000 entry point but aren't competing against aggressive bidding. The 42-day marketing period provides time for due diligence without inventory scarcity pressure. Sellers with properly priced assets should expect reasonable absorption, though the 11% above-ask rate means minimal upside from strategic underpricing. Investors seeking cash flow over appreciation will find the 1.1% growth rate requires rental income to drive returns rather than price speculation.

The PropIQ score of 75 signals neutral territory where directional momentum remains unclear. With price growth barely outpacing inflation and days-on-market sitting in moderate range, the data suggests sideways movement unless employment or inventory levels shift materially. Monitoring the above-ask percentage is critical—movement toward 20% would indicate tightening, while decline toward 5% would confirm further buyer advantage. The 1.1% appreciation rate leaves little margin for economic headwinds to push this market negative.