77098
Houston, Texas

ZIP 77098 is experiencing price compression, with the median sale price declining 7.2% year-over-year to $662,500 as of February 2026. Market velocity has slowed considerably, with properties averaging 80 days on market. Only 12% of homes are selling above list price, indicating diminished buyer competition and a shift from the seller-favorable conditions that previously characterized this Montrose-adjacent area. The PropIQ intelligence score of 55 reflects heightened caution in current market dynamics.

Patient buyers with strong financing gain clear advantages in this environment. The 80-day marketing period and single-digit percentage of above-list sales create leverage for negotiation on price and terms. Sellers face extended holding periods and must price competitively from listing day, as the 12% above-list metric shows minimal room for aspirational pricing. Investors seeking cash flow over appreciation should verify rental demand independently, as the 7.2% price decline outpaces typical yield returns.

The PropIQ score of 55 suggests near-term stabilization is uncertain, warranting close monitoring of absorption rates and inventory levels through Q2 2026. Key indicators to track include whether days-on-market extends beyond 90 and if the percentage of above-list sales falls below 10%, which would signal further price discovery ahead. Current data does not support expectations of immediate price recovery, making entry timing critical for both buyers and sellers in the next 90 days.