77049
Houston, Texas

The 77049 market is stagnant, with the median sale price holding at $257,500 and zero year-over-year appreciation. Properties are moving at a moderate pace, averaging 51.5 days on market, while only 7% of homes close above asking price. This pricing dynamic indicates a balanced-to-soft market where sellers have limited leverage and buyers face minimal competition for inventory. The lack of price momentum suggests demand has plateaued relative to available supply in this northeast Houston corridor.

This environment favors patient buyers who can negotiate without urgency, particularly first-time purchasers seeking entry points below $300,000. The 7% above-list closure rate means 93% of transactions occur at or below asking, creating room for offer negotiations and inspection-contingent concessions. Sellers face headwinds and should price conservatively from listing day, as the 51.5-day absorption period provides buyers ample time to compare alternatives. Investors seeking appreciation plays will find limited near-term upside given the flat annual performance.

The PropIQ score of 55 signals caution, reflecting weak price momentum and modest market fundamentals that could deteriorate further. With zero appreciation over twelve months, any economic headwinds or inventory increases could push this market into buyer-dominant territory. Monitor days-on-market trends and the spread between list and sale prices monthly; widening gaps would confirm softening conditions. The data suggests holding rather than aggressive price growth through 2026's second quarter.