77338
Houston, Texas
Houston 77338 needs watching.
The 77338 ZIP code in Houston, Texas has a median sale price of $225K, down -13.1% year-over-year. Homes spend an average of 62 days on market, with 10% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 77338.
ZIP code 77338 is experiencing significant pricing pressure, with the median sale price settling at $225,000 after a sharp 13.1% year-over-year decline. Homes are moving at a moderate pace, averaging 62 days on market, while only 10% of properties are commanding above-list offers. This represents a clear shift from previous seller-advantaged conditions, as pricing power has transferred substantially to buyers who now have negotiation leverage in most transactions.
Price-sensitive first-time buyers and value-focused investors gain the most traction in this environment. The 13.1% price correction creates entry points that were unavailable during the previous cycle, particularly for buyers who can close efficiently within the 62-day average window. Sellers attempting to move properties must price aggressively from listing, as the 10% above-list metric confirms that overpriced homes face extended market time and likely require reductions.
The PropIQ score of 55 signals caution, suggesting continued downward price pressure or prolonged stabilization rather than immediate recovery. Buyers should monitor whether days-on-market begins extending beyond 62 days, which would indicate further weakening and additional negotiation opportunities. The low percentage of above-list sales suggests this market has not yet established a floor, making timing critical for both acquisition strategies and exit planning.
What is the median home price in 77338 Houston?
The median sale price in 77338 is $225K, down -13.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Houston 77338?
Homes in 77338 Houston spend an average of 62 days on market before going under contract.
Is Houston 77338 a good place to invest in real estate?
Folio's PropIQ™ score for 77338 is 55/100 — a Caution signal. 10% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 77338?
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 55 = Caution in 77338 Houston, Texas.