77517
Houston, Texas

# ZIP Code 77517 Market Report | Houston, TX

The 77517 market shows moderate appreciation with a median sale price of $355,000, up 5.3% year-over-year, outpacing inflation but trailing Houston's hottest submarkets. Average days on market extends to 105 days, indicating inventory is moving at a measured pace rather than the sub-30-day velocity seen in seller-dominated zones. Nearly three in ten homes (29%) still transact above asking, suggesting selective competition for well-priced properties while the majority of listings require standard negotiation.

This environment favors patient buyers with financing contingencies who can leverage the 105-day absorption rate to conduct thorough due diligence and negotiate terms. The 71% of homes selling at or below list price creates room for offer structures that would fail in faster markets. Sellers with properly priced homes below the $355,000 median still capture above-ask offers occasionally, while overleveraged flippers face extended holding costs given the three-and-a-half-month average market time.

The PropIQ score of 75 signals neutral momentum with downside risk if days on market extends beyond 120 or if the above-list percentage drops below 25% in coming months. The 5.3% annual appreciation sits near the sustainable threshold—monitor whether Q2 data holds this pace or decelerates toward 3-4% growth. Employment data and new construction permits in surrounding Alvin-area ZIP codes will determine whether 77517 maintains equilibrium or shifts buyer-favorable by summer.