77051
Houston, Texas
Houston 77051 is stable.
The 77051 ZIP code in Houston, Texas has a median sale price of $304K, down -3.9% year-over-year. Homes spend an average of 42 days on market, with 10% of homes selling above list price.
Folio's PropIQ™ score of 65 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
The 77051 market has cooled considerably, with the median sale price settling at $303,990 after declining 3.9% year-over-year. Inventory is moving at a moderate pace with homes averaging 41.5 days on market, while only 10% of properties command above-ask offers—a clear signal that seller leverage has diminished. The sub-$305K price point suggests compression in this Houston submarket, where price discovery appears incomplete given the negative annual trend and limited competitive bidding.
This environment favors patient buyers with financing secured who can negotiate from strength given the single-digit percentage of above-list sales. Investors seeking cash-flowing rentals should find receptive sellers, particularly if they can close within the 41-day average marketing window. Current homeowners considering sales face headwinds, as the 3.9% annual decline and weak premium capture rate of 10% indicate they'll likely need realistic pricing and potential concessions to transact.
The PropIQ score of 65 signals caution, suggesting underlying fundamentals remain questionable and further price adjustments may materialize. The combination of negative price momentum and limited buyer urgency—evidenced by the 90% of homes selling at or below ask—warrants monitoring absorption rates and employment data in surrounding Houston sectors. Without demand catalysts emerging in Q2 2026, the downward price trajectory established over the past twelve months could extend through subsequent quarters.
What is the median home price in 77051 Houston?
The median sale price in 77051 is $304K, down -3.9% year-over-year as of 2026-02-28.
How long do homes stay on the market in Houston 77051?
Homes in 77051 Houston spend an average of 42 days on market before going under contract.
Is Houston 77051 a good place to invest in real estate?
Folio's PropIQ™ score for 77051 is 65/100 — a Caution signal. 10% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 77051?
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 65 = Caution in 77051 Houston, Texas.