77485
Houston, Texas

ZIP code 77485 has recorded a median sale price of $270,000 as of February 2026, marking a sharp 16.9% year-over-year decline in valuations. Homes are moving relatively quickly at 32 days on market, yet zero properties have sold above asking price, indicating price discovery remains incomplete. This disconnect between absorption pace and pricing power suggests sellers are adjusting expectations downward to meet current demand levels, though not all adjustments may be reflected in the closing data yet.

The current environment heavily favors cash buyers and investors with liquidity who can negotiate aggressively, given the absence of bidding pressure and sustained price erosion. Traditional owner-occupant buyers gain leverage they haven't seen in recent years, particularly those who can close quickly in the 30-day window. Conversely, sellers who purchased in late 2024 or 2025 face negative equity risk, and those requiring equity extraction for their next purchase encounter significant constraint given the 16.9% value decline.

The PropIQ score of 51 signals caution rather than crisis, suggesting stabilization may emerge but hasn't materialized yet. Buyers should monitor whether the next 60 days show deceleration in the year-over-year decline rate, which would indicate price discovery nearing completion. The 32-day absorption rate without premium pricing suggests inventory levels remain balanced but demand lacks urgency, making spring 2026 transaction velocity a critical indicator of whether this market has found its floor.