77284
Houston, Texas

ZIP code 77284 presents a stagnant market with a median sale price of $185,000 that has remained flat year-over-year as of March 2019. Properties are averaging 133 days on market, significantly above the Houston metro norm, indicating weak buyer demand. Most notably, zero percent of homes are selling above list price, confirming that sellers hold no negotiating leverage in this zone. The extended marketing periods and lack of competitive offers signal a clear buyer's market with limited urgency driving transactions.

These conditions favor patient buyers with strong negotiating positions and cash reserves to wait out sellers. Investors seeking rental properties may find value given the low entry price point, though the 133-day absorption rate suggests caution on resale liquidity. Current homeowners looking to sell face unfavorable conditions and should expect extended listing periods and likely price concessions. This is not an environment for fix-and-flip strategies requiring quick turnover, as the data shows virtually no appreciation momentum or buyer competition.

The PropIQ score of 27 out of 100 signals heightened caution, suggesting potential downward price pressure ahead rather than stabilization. With flat year-over-year pricing despite extended inventory time, the next directional move appears more likely negative than positive. Buyers should monitor whether days-on-market compress or median prices decline further, either of which would indicate market bottoming. Sellers in this ZIP should prepare for a prolonged soft market without near-term catalysts for improvement.