77384
Houston, Texas

The 77384 ZIP code is experiencing above-average price appreciation with a median sale price of $410,000, up 12.9% year-over-year as of February 2026. However, market velocity has decelerated significantly, with properties averaging 91 days on market and only 5% of homes selling above list price. This divergence between strong price growth and extended listing periods indicates a market transitioning from the post-pandemic surge toward normalization, though sellers retain modest pricing power.

This environment favors patient buyers with financing secured and flexible timelines, as the 91-day average DOM provides negotiating leverage that didn't exist when absorption rates were faster. The minimal 5% above-ask sales rate suggests bidding wars have largely disappeared, allowing for inspection contingencies and measured decision-making. Sellers with equity captured during the previous appreciation cycle can still exit profitably, but those expecting 2021-2022 velocity will face reality of three-month marketing periods.

The PropIQ score of 55 signals caution rather than strength, suggesting current price gains may not be sustainable at the 12.9% annual pace. With inventory likely building given the extended DOM, watch for an increase in price reductions through spring 2026 as sellers adjust expectations. The data points toward further deceleration in both price growth and transaction volume unless employment conditions or mortgage rates shift materially in coming quarters.