77305
Houston, Texas
Houston 77305 needs watching.
The 77305 ZIP code in Houston, Texas has a median sale price of $140K, down N/A year-over-year. Homes spend an average of 236 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 77305.
The 77305 market shows significant buyer advantage with a median sale price of $139,900 holding flat year-over-year through December 2020. Properties are languishing at 236 days on market, more than triple the typical Houston metro average, indicating weak demand. Zero homes sold above list price during this period, confirming sellers hold no pricing power and must meet market expectations or sit unsold.
Patient buyers with cash reserves will find maximum leverage in these conditions, as the 236-day average DOM suggests room for below-ask negotiations on virtually every listing. This market penalizes sellers who need quick exits but rewards investors seeking deeply discounted acquisitions with extended due diligence timelines. First-time buyers can avoid bidding wars entirely, though the flat pricing suggests minimal near-term appreciation potential for quick equity builds.
The PropIQ score of 27 signals fundamental market weakness that typically precedes either prolonged stagnation or price corrections. With zero above-ask sales and extended marketing periods, inventory absorption remains problematic heading into 2021. Buyers should monitor whether DOM begins contracting below 180 days or if price cuts accelerate, both indicating whether this market reaches equilibrium or deteriorates further.
What is the median home price in 77305 Houston?
The median sale price in 77305 is $140K, down N/A year-over-year as of 2020-12-31.
How long do homes stay on the market in Houston 77305?
Homes in 77305 Houston spend an average of 236 days on market before going under contract.
Is Houston 77305 a good place to invest in real estate?
Folio's PropIQ™ score for 77305 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 77305?
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 27 = Caution in 77305 Houston, Texas.