77588
Houston, Texas
Houston 77588 needs watching.
The 77588 ZIP code in Houston, Texas has a median sale price of $278K, down N/A year-over-year. Homes spend an average of 126 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 77588.
The 77588 ZIP code shows a stagnant market with a median sale price of $277,990 holding flat year-over-year as of February 2014. Properties are averaging 126 days on market, well above the typical 30-60 day range for healthy absorption. Zero homes are selling above list price, indicating sellers hold no pricing power and buyers face no competitive pressure. This extended inventory cycle reflects weak demand fundamentals with transactions occurring only when pricing meets buyer expectations.
Cost-conscious buyers gain maximum advantage in these conditions, as the 126-day average DOM provides substantial negotiating leverage on individual properties. Sellers facing relocation or financial pressure should expect discounts from initial list prices given the zero above-ask sale rate. Investors seeking immediate cash flow might find opportunities, but appreciation plays carry significant risk when price growth registers at zero percent. First-time buyers can take extended due diligence periods without fear of losing properties to competing offers.
The PropIQ score of 27 signals considerable downside risk, suggesting prices may decline from current levels rather than recover near-term momentum. This caution-zone rating warrants monitoring employment data, foreclosure rates, and new listing velocity throughout 2014. Markets with triple-digit days-on-market figures and flat pricing typically require 12-18 months to establish directional trends. Any deterioration in DOM beyond 150 days would indicate further weakening ahead.
What is the median home price in 77588 Houston?
The median sale price in 77588 is $278K, down N/A year-over-year as of 2014-02-28.
How long do homes stay on the market in Houston 77588?
Homes in 77588 Houston spend an average of 126 days on market before going under contract.
Is Houston 77588 a good place to invest in real estate?
Folio's PropIQ™ score for 77588 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 77588?
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 77588 Houston, Texas.