77373
Houston, Texas

ZIP code 77373 shows contractionary pressure with a median sale price of $245,000, down 3.9% year-over-year as of February 2026. Homes are averaging 87 days on market, indicating slower absorption than metro norms. Only 20% of sales close above list price, suggesting limited bidding competition and strengthening buyer negotiating position. The market has shifted decisively from the seller-favorable conditions seen in previous years.

This environment favors patient buyers with financing secured and flexible timelines to capitalize on the 87-day marketing period. The 80% of homes selling at or below list provides concrete leverage for offer negotiations below asking price. Sellers face timing risk and should price competitively from listing day rather than testing higher price points. Investors seeking cash flow over appreciation may find entry points, but the negative 3.9% trend requires underwriting conservative exit assumptions.

The PropIQ score of 60 signals caution, reflecting vulnerability to further price erosion if days on market extend beyond current levels. Monitoring the percentage of above-list sales is critical; movement below 15% would indicate accelerating weakness. The score suggests stabilization is possible but not guaranteed, making Q2 2026 data essential for confirming whether the downturn moderates or intensifies into a broader correction.