77061
Houston, Texas
Houston 77061 needs watching.
The 77061 ZIP code in Houston, Texas has a median sale price of $186K, down -23.1% year-over-year. Homes spend an average of 68 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 45 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 77061.
The 77061 market is undergoing a significant correction, with the median sale price falling to $186,450, down 23.1% year-over-year. Homes are averaging 67.5 days on market, and zero properties are selling above asking price, indicating decisive buyer leverage. This price compression represents one of the sharper declines in the Houston metro area, signaling either oversupply or fundamental demand weakness in this corridor.
Cost-conscious buyers and value investors have clear negotiating power in this environment, given the complete absence of above-ask transactions and the extended 67.5-day marketing period. First-time homebuyers can leverage the $186,450 median to enter at substantially reduced prices compared to 2025 levels. Sellers face unfavorable conditions and should anticipate price concessions, particularly given that comparable properties have shed nearly a quarter of their value annually.
The PropIQ score of 45 signals continued caution, suggesting stabilization has not yet occurred in this ZIP code. The combination of negative price momentum and zero competitive bidding indicates further downward pressure may materialize before a floor is established. Monitoring monthly sales velocity and any reduction in days-on-market below 60 would provide the first evidence of demand recovery and potential price stabilization in coming quarters.
What is the median home price in 77061 Houston?
The median sale price in 77061 is $186K, down -23.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Houston 77061?
Homes in 77061 Houston spend an average of 68 days on market before going under contract.
Is Houston 77061 a good place to invest in real estate?
Folio's PropIQ™ score for 77061 is 45/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 45 mean for 77061?
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 45 = Caution in 77061 Houston, Texas.