77511
Houston, Texas

The 77511 ZIP code shows a softening market with a median sale price of $309,000, down 0.3% year-over-year, indicating price stagnation rather than growth. Homes are sitting on market for an average of 71.5 days, well above the 30-45 day range typical of balanced markets. Only 12% of properties are selling above list price, signaling weak buyer competition and limited pricing power for sellers in this southeast Houston corridor.

This environment favors patient buyers with financing in place who can negotiate below asking prices given the extended days on market and minimal bidding competition. Cash investors seeking rental properties may find negotiating leverage, though the flat price trajectory suggests minimal near-term appreciation potential. Sellers face headwinds and should price aggressively at market or below to avoid inventory accumulation beyond 71 days, which historically triggers deeper concessions.

The PropIQ score of 55 signals caution, reflecting vulnerability to further price erosion if days on market extend beyond current levels or if inventory continues building. Watch for the percentage of homes selling above list to drop below 10%, which would confirm a definitive buyer's market. Without catalysts for demand acceleration, the current sideways price action could shift to modest declines through mid-2026.