77447
Houston, Texas

ZIP code 77447 shows a stabilizing market with a median sale price of $298,615, up just 0.6% year-over-year, indicating minimal appreciation. Homes are averaging 81 days on market, well above the typical 30-45 day range seen in competitive submarkets. Only 6% of properties are selling above list price, confirming buyer leverage in negotiations. This pricing environment reflects a market where sellers must compete for a limited buyer pool rather than fielding multiple offers.

The current dynamics favor patient buyers with financing in place who can capitalize on the 81-day average DOM to negotiate concessions. The 6% above-list metric means 94% of transactions close at or below asking price, creating room for offer adjustments. This market penalizes sellers with urgent timelines, as the extended DOM requires realistic pricing from day one. Investors seeking cash flow should find negotiating power, though the 0.6% appreciation signals limited near-term equity gains.

The PropIQ score of 65 suggests underlying vulnerabilities that warrant monitoring inventory levels and employment data in the 77447 corridor. With price growth barely outpacing inflation and DOM extended beyond two months, any increase in active listings could pressure prices downward. Buyers should track whether the 6% above-list figure declines further, which would confirm weakening seller positioning and potentially slower absorption rates through mid-2026.