77582
Houston, Texas
Houston 77582 needs watching.
The 77582 ZIP code in Houston, Texas has a median sale price of $94K, down N/A year-over-year. Homes spend an average of 76 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 77582.
ZIP code 77582 presents a stagnant market with a median sale price of $93,500 holding flat year-over-year as of August 2024. Properties are averaging 76 days on market, significantly above the typical Houston metro velocity, while zero homes have closed above asking price. This complete absence of competitive bidding pressure indicates substantial buyer leverage, with sellers unable to command premiums in a price-depressed segment where the median sits well below $100,000.
This environment favors cash investors targeting deep-value acquisitions and first-time buyers with limited capital who can negotiate aggressively. The 76-day marketing period gives buyers ample time for due diligence without competitive pressure, while the flat pricing trend eliminates urgency-driven decision making. Sellers face the weakest position, particularly those needing quick exits, as the data shows no cohort willing to pay premiums regardless of property condition or positioning.
The PropIQ score of 27 signals elevated caution, suggesting underlying structural challenges beyond typical market cyclicality in this price tier. With zero momentum in pricing and extended absorption rates, the data points toward continued buyer advantage through late 2024. Watch for changes in days-on-market figures and any movement above list price closes as early indicators of sentiment shift, though current metrics suggest stabilization rather than appreciation.
What is the median home price in 77582 Houston?
The median sale price in 77582 is $94K, down N/A year-over-year as of 2024-08-31.
How long do homes stay on the market in Houston 77582?
Homes in 77582 Houston spend an average of 76 days on market before going under contract.
Is Houston 77582 a good place to invest in real estate?
Folio's PropIQ™ score for 77582 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 77582?
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 27 = Caution in 77582 Houston, Texas.