77422
Houston, Texas

The 77422 market shows stagnation with a median sale price of $227,500, declining 0.2% year-over-year—essentially flat pricing that signals neither appreciation nor meaningful depreciation. Homes are sitting for an average of 127 days, nearly double the velocity seen in balanced markets, while only 6% of properties sell above asking price. This extended marketing time and minimal bidding competition indicate sellers hold limited pricing power and buyers face no urgency to compete.

These conditions favor patient buyers with financing already secured who can leverage the 127-day average DOM to negotiate below-ask transactions. The 94% of homes selling at or below list price creates room for offer strategies 3-5% under asking with higher success rates than competitive markets. Sellers without timeline pressure should wait, while investors seeking cash flow over appreciation may find entry points but must underwrite assuming continued flat growth.

The PropIQ score of 51 signals caution rather than crisis, suggesting this market remains range-bound rather than poised for recovery or decline. Monitoring absorption rates and whether days-on-market trends above 130 will indicate further softening, while movement toward 100 days would suggest stabilization. The near-zero price change over twelve months establishes a baseline—any quarterly deviation beyond 2% in either direction represents a genuine directional shift worth acting on.