77062
Houston, Texas

The 77062 ZIP code recorded a median sale price of $311,888 as of February 2026, representing a 4.0% year-over-year increase that tracks slightly below Houston's metro inflation rate. Homes are moving at a measured pace with an average 53 days on market, while 16% of properties sold above asking price, indicating selective competition for specific inventory rather than broad bidding wars. This price appreciation combined with moderate absorption rates suggests a market that has stabilized after previous volatility.

Buyers gain negotiating leverage in this environment, with 84% of homes selling at or below list price and nearly two months of exposure time before closing. Sellers with well-priced, move-in ready properties in the $280,000-$340,000 range can still capture premium pricing from the 16% premium segment. Investors seeking cash flow should focus on properties priced 10-15% below the median, as the 53-day marketing period provides time for thorough due diligence without facing immediate competitive pressure.

The PropIQ score of 70 signals neither bullish momentum nor deterioration warnings, projecting continuation of single-digit appreciation through Q2 2026. The 4.0% growth rate faces headwinds if days on market extends beyond 60 or if the above-list percentage drops below 12%, both indicating demand softening. Price stability depends on inventory levels remaining consistent with current absorption rates, making new listing volume the critical metric for next quarter's direction.