77478
Houston, Texas

The 77478 ZIP code shows a cooling market with a median sale price of $472,500, down 1.5% year-over-year as of February 2026. Homes are sitting for an average of 60 days before selling, indicating modest buyer hesitation compared to the rapid turnover seen in previous years. Only 12% of properties are commanding above-list offers, signaling that seller pricing power has eroded significantly from peak levels and multiple-bid scenarios have become the exception rather than the norm.

This environment favors patient buyers with financing secured and flexibility on closing timelines, as the 60-day absorption rate creates negotiating leverage that didn't exist when inventory moved faster. Sellers with equity cushions can still exit at the $472,500 median, but those expecting appreciation or needing quick liquidity face headwinds given the negative price trajectory and limited premium bidding activity. Investors seeking cash flow over appreciation may find entry points, though the 1.5% decline suggests capital preservation concerns outweigh yield opportunities currently.

The PropIQ score of 55 signals caution, suggesting underlying fundamentals remain uncertain with downside risk not yet fully priced in. Key indicators to monitor include whether days-on-market extends beyond 60 and if the 12% above-list percentage contracts further, both of which would confirm additional price compression ahead. Without demand catalysts emerging in transaction data, the negative momentum established over the past year appears likely to persist through the next quarter.