77097
Houston, Texas

Houston's 77097 ZIP code reflects significant market correction, with the median sale price at $262,000 representing a sharp 15.2% year-over-year decline. Homes are averaging 86 days on market, well above the typical velocity seen in balanced conditions. Most telling is that zero percent of properties are selling above list price, indicating buyers hold complete negotiating leverage and sellers face sustained pressure to meet current market valuations.

This environment heavily favors patient buyers with financing secured and flexible timelines to negotiate. The extended 86-day marketing period allows for thorough due diligence and multiple property evaluations without competitive pressure. Value-focused investors seeking rental yield over appreciation can capitalize on the 15.2% price reduction, though negative momentum requires careful cash flow analysis. Sellers face unfavorable conditions and should delay unless relocation or financial circumstances necessitate immediate action.

The PropIQ score of 45 signals continued caution, suggesting price discovery remains incomplete in this cycle. With no above-list sales and extended DOM, expect further softening before stabilization occurs. Buyers should monitor whether DOM begins contracting and any properties start commanding list price, as these would indicate the market is finding a floor around current $262,000 valuations.