77445
Houston, Texas

ZIP code 77445 is experiencing a buyer-favorable correction, with the median sale price settling at $273,750 after declining 13.1% year-over-year. Homes are spending an average of 99.5 days on market, nearly triple the pace of competitive Houston submarkets. Only 15% of properties are commanding above-list offers, indicating minimal bidding pressure and substantial negotiating latitude for purchasers. This price-to-velocity ratio reflects a market clearing excess inventory from the previous cycle.

These conditions favor cost-conscious first-time buyers and long-horizon investors willing to absorb near-term depreciation risk. The 13.1% price decline creates immediate equity challenges for recent purchasers but offers entry points roughly $41,000 below last year's comparable sales. Cash buyers can leverage the 99.5-day DOM to negotiate 3-5% additional concessions, while sellers face extended carrying costs and likely need to price below automated valuation models to achieve 60-day exits.

The PropIQ score of 60 signals continued headwinds rather than stabilization, suggesting the year-over-year decline may not have reached底. Buyers should monitor whether DOM contracts below 90 days and above-list transactions exceed 20%, both indicating demand recovery. Until those thresholds materialize, the data supports a wait-and-see approach for sellers and continued price discovery through Q2 2026, with stabilization unlikely before additional 3-7% downward adjustment.