77346
Houston, Texas

ZIP code 77346 in Houston's northern corridor shows clear signs of market correction, with the median sale price settling at $310,000 after declining 8.5% year-over-year through February 2026. Homes are averaging 76 days on market, indicating significantly slower absorption than the sub-30-day periods typical of competitive markets. Only 15% of transactions close above asking price, confirming that seller pricing power has diminished substantially from prior years when bidding wars were commonplace in this price tier.

These conditions favor cash-position buyers and patient investors with longer time horizons who can capitalize on the 8.5% price decline while negotiating below list price on 85% of available inventory. First-time homebuyers previously priced out of this submarkets now have leverage during the 76-day marketing period to conduct thorough due diligence and submit conservative offers. Sellers face headwinds and should avoid listing unless willing to price aggressively or able to wait through extended marketing cycles.

The PropIQ score of 60 signals caution rather than crisis, suggesting stabilization potential exists but hasn't materialized yet in measurable data points. The combination of negative price momentum and elevated days-on-market indicates another quarter of softness is probable before absorption rates improve. Monitor whether the 76-day DOM figure begins contracting and if the 15% above-ask percentage rises above 25%, which would indicate genuine demand recovery rather than temporary fluctuation.