77523
Houston, Texas

The 77523 market shows clear cooling with a median sale price of $344,900, down 6.6% year-over-year as of February 2026. Homes are averaging 112 days on market, suggesting inventory is moving at a moderate pace while buyer urgency has diminished. Only 11% of properties are selling above list price, indicating sellers have lost pricing power compared to previous market cycles. This negative price trajectory combined with extended marketing periods reflects a fundamental shift from the seller-dominant conditions of recent years.

Buyer conditions are favorable for price-conscious purchasers willing to negotiate, as 89% of transactions close at or below asking price. The 112-day market time provides leverage for inspection contingencies and repair negotiations that were difficult to secure in tighter markets. Sellers facing timing pressure or holding costs should recalibrate expectations, as the 6.6% price decline suggests resistance at current valuations. Investment buyers seeking cash flow over appreciation may find entry points, though the negative price momentum requires careful underwriting of rental yields.

The PropIQ score of 55 signals caution rather than crisis, suggesting stabilization is possible but not guaranteed without demand catalysts. The year-over-year decline indicates prices may need further correction before absorption improves and days on market compress. Monitoring monthly sales velocity and any movement in the 11% above-list metric will indicate whether buyer confidence is returning or if the 6.6% decline accelerates into a deeper adjustment cycle.