77531
Houston, Texas
Houston 77531 needs watching.
The 77531 ZIP code in Houston, Texas has a median sale price of $280K, down -5.3% year-over-year. Homes spend an average of 87 days on market, with 11% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 77531.
# Market Report: ZIP 77531
The 77531 market is experiencing a pronounced correction, with the median sale price settling at $279,500 after declining 5.3% year-over-year. Homes are averaging 87 days on market, indicating weakened demand velocity compared to previous periods. Only 11% of properties are commanding above-list offers, a clear signal that seller pricing power has eroded significantly. This represents a material shift from the elevated pricing environment that characterized previous years in this Houston submarket.
Price-sensitive buyers hold substantial negotiating leverage in these conditions, particularly those willing to tolerate the extended 87-day marketing period. The 89% of homes selling at or below list price creates favorable entry points for owner-occupants with flexible timelines. Sellers face difficult positioning decisions, as the 5.3% decline and limited above-list activity suggest continued pressure on asking prices. Investors seeking cashflow properties may find value, but should underwrite conservatively given the negative price momentum.
The PropIQ score of 55 signals heightened caution and suggests further price discovery ahead rather than immediate stabilization. The combination of declining values and extended DOM indicates demand has not yet absorbed current inventory levels. Market participants should monitor monthly absorption rates and any acceleration in days-on-market metrics, as further deterioration below 87 days would confirm additional downside risk. This score suggests a wait-and-see approach until demand fundamentals show measurable improvement.
What is the median home price in 77531 Houston?
The median sale price in 77531 is $280K, down -5.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Houston 77531?
Homes in 77531 Houston spend an average of 87 days on market before going under contract.
Is Houston 77531 a good place to invest in real estate?
Folio's PropIQ™ score for 77531 is 55/100 — a Caution signal. 11% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 77531?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 55 = Caution in 77531 Houston, Texas.