78931
Houston, Texas
Houston 78931 needs watching.
The 78931 ZIP code in Houston, Texas has a median sale price of $925K, down N/A year-over-year. Homes spend an average of 323 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 78931.
The 78931 market shows significant cooling with a median sale price of $925,000 holding flat year-over-year as of October 2022. Properties are averaging 323 days on market, indicating severely constrained demand at current price levels. Zero homes are selling above list price, confirming buyers have regained negotiating leverage after the previous rally. This extended marketing period suggests sellers are testing price resistance rather than adjusting to current market reality.
Patient buyers with flexible timelines benefit most from these conditions, as the 323-day average DOM creates opportunity for negotiation on price, repairs, and contingencies. Sellers facing no time pressure can wait for their number, but those with deadlines should anticipate concessions given the zero percent above-list metric. This market penalizes urgency on the sell side while rewarding disciplined buyers who can wait out optimistic pricing. Investors seeking cash flow should find room to negotiate below ask.
The PropIQ score of 27 signals caution for near-term appreciation, suggesting current prices may face downward pressure if days-on-market continues extending beyond 300 days. Watch for capitulation in seller pricing expectations as carrying costs accumulate during this prolonged absorption period. The flat year-over-year trend combined with extreme DOM indicates this ZIP is transitioning from price stability to potential correction territory, particularly if broader mortgage rates remain elevated through 2023.
What is the median home price in 78931 Houston?
The median sale price in 78931 is $925K, down N/A year-over-year as of 2022-10-31.
How long do homes stay on the market in Houston 78931?
Homes in 78931 Houston spend an average of 323 days on market before going under contract.
Is Houston 78931 a good place to invest in real estate?
Folio's PropIQ™ score for 78931 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 78931?
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 78931 Houston, Texas.