77382
Houston, Texas

ZIP code 77382 shows cooling momentum with a median sale price of $565,000, down 4.2% year-over-year as of February 2026. Homes are moving at a moderate pace, averaging 47 days on market, while only 9% of properties sell above asking price. This represents a clear shift from the pandemic-era seller's market, with pricing power now firmly in buyers' hands. The negative price trajectory indicates sellers are adjusting expectations downward to meet current demand levels.

This environment favors patient buyers with flexible timelines who can leverage the 47-day market absorption rate to negotiate below-list transactions. Primary residence purchasers willing to conduct thorough due diligence have positioning advantage, given that 91% of homes close at or below asking. Sellers facing mandatory timelines remain disadvantaged, while discretionary sellers should consider waiting for market stabilization. Buy-and-hold investors may find entry points, but the 4.2% depreciation rate demands careful cash flow modeling against potential further declines.

The PropIQ score of 55 signals caution, suggesting vulnerability to additional price erosion if days-on-market extends beyond current levels. Monitoring the spread between list and sale prices will indicate whether the 4.2% decline is stabilizing or accelerating. Inventory absorption rates and mortgage rate movements through Q2 2026 will determine if this market finds a floor near current pricing or continues its downward repricing cycle.