77385
Houston, Texas

ZIP 77385 shows a median sale price of $387,500 with year-over-year appreciation of 8.5%, outpacing typical inflation but signaling moderation from peak-market velocity. Homes are sitting an average 98.5 days before sale, nearly double the inventory absorbed during 2021-2022 extremes. Only 6% of properties trade above asking price, confirming that bidding war dynamics have largely evaporated and price discovery now favors negotiation over competition.

This environment serves buyers with inspection contingencies and financing timelines, as the 98.5-day marketing period creates leverage for due diligence requests that would have killed deals in tighter conditions. Sellers with equity positions accumulated before 2023 can still exit profitably given the 8.5% annual gain, but those who purchased within the last 18 months face compressed margins after transaction costs. Investors seeking cash-flow properties gain negotiating room that didn't exist when 60% of listings received over-ask offers.

The PropIQ score of 65 reflects structural caution rather than immediate distress, suggesting price appreciation may compress toward 3-5% annual ranges rather than reverse. Monitoring days-on-market trends through Q2 2026 will indicate whether the 98.5-day average represents a new equilibrium or continued softening. If DOM extends past 120 days while inventory grows, the current 8.5% appreciation rate becomes mathematically unsustainable without wage growth or rate relief.