77056
Houston, Texas

# Market Report: ZIP 77056, Houston TX

The 77056 market has recorded a median sale price of $885,000 as of February 2026, marking a substantial 45.1% year-over-year increase. Despite this price appreciation, properties are averaging 91 days on market, suggesting buyer deliberation at this price point. Only 5% of homes are selling above list price, indicating limited bidding competition and a departure from seller-dominant conditions typical of rapid appreciation cycles.

This environment favors patient buyers willing to negotiate, as the 91-day marketing period and minimal above-asking activity provide leverage during offer discussions. Sellers who purchased before the recent price surge can capitalize on the 45.1% appreciation, though the low premium rate suggests listing at aggressive prices will result in extended market time. Short-term investors face challenges given the PropIQ score of 65 and slowing transaction velocity relative to price gains.

The PropIQ score of 65 signals caution, suggesting the 45.1% appreciation may not be sustainable at current absorption rates. The divergence between rapid price growth and extended days on market indicates potential inventory accumulation if buyer hesitation increases. Monitoring month-over-month price trajectories and whether days on market extend beyond 100 will clarify if this ZIP is entering a correction phase or stabilizing at elevated pricing levels.