77357
Houston, Texas

The 77357 market carries a median sale price of $280,000 as of February 2026, reflecting a 9.8% year-over-year appreciation that outpaces inflation but signals moderating momentum. Properties average 118 days on market, substantially longer than Houston's hot-market periods, indicating tepid buyer urgency. Only 10% of homes close above asking price, confirming a market where sellers hold limited pricing power and negotiation increasingly favors purchasers over multiple-bid scenarios.

This environment suits patient buyers with financing secured who can leverage the 118-day average DOM to conduct thorough due diligence and negotiate concessions. The 90% of transactions at or below list price creates opportunity for purchasers to avoid bidding wars while still capturing the 9.8% annual appreciation trend. Cash-strapped sellers or those requiring quick exits face challenges, as the extended marketing period and rare above-ask sales demand realistic pricing from day one to avoid becoming part of the four-month inventory cycle.

The PropIQ score of 65 signals caution rather than alarm, suggesting underlying fundamentals prevent both breakout growth and collapse scenarios. The 9.8% appreciation paired with sluggish absorption indicates price gains may compress toward 5-7% annually if days-on-market extends further beyond 120. Monitoring monthly DOM trends and the ratio of new listings to closings will determine whether this market stabilizes at current levels or transitions into buyer-dominant conditions by mid-2026.