77518
Houston, Texas

The 77518 ZIP code recorded a median sale price of $231,700 as of February 2026, reflecting a 6.5% year-over-year increase that outpaces inflation but signals moderate rather than aggressive appreciation. Homes are averaging 74.5 days on market, indicating a balanced environment where neither buyers nor sellers hold decisive leverage. The 33% of properties closing above list price demonstrates selective competition for well-positioned inventory, while the remaining two-thirds trade at or below ask.

This market favors price-sensitive first-time buyers who can tolerate the 74.5-day search cycle to negotiate on the 67% of homes not receiving over-ask offers. Investors seeking cash-flow properties will find the $231,700 entry point accessible, though the 6.5% annual appreciation suggests modest equity accumulation rather than rapid value growth. Sellers with properly priced homes can expect reasonable absorption, but the one-third over-ask ratio means overpricing carries tangible risk in this environment.

The PropIQ score of 75 signals neutral conditions with monitoring warranted, suggesting the current 6.5% appreciation rate may moderate as market equilibrium persists. The 74.5-day timeline indicates sufficient but not excessive demand, making inventory growth the critical variable for second-quarter direction. Buyers should watch whether days-on-market extends beyond 80 days, which would shift negotiating power meaningfully, while sellers must track whether the 33% over-ask figure contracts below 25%.