78950
Houston, Texas

The 78950 market has entered a correction phase, with the median sale price settling at $342,500 after declining 3.4% year-over-year. Properties are averaging 106.5 days on market, and zero homes are closing above asking price—a complete reversal from competitive conditions. This data indicates buyers have regained pricing power, with sellers unable to command premiums in negotiations. The market has shifted decisively from the demand-driven environment of previous years.

Price-sensitive buyers hold maximum leverage in this environment, as the 106.5-day inventory cycle allows extended due diligence periods and reduced competition pressure. Investors seeking cash flow should find negotiating room on list prices, though the -3.4% depreciation suggests caution on near-term appreciation plays. Sellers face challenging conditions and should expect longer marketing periods unless pricing 5-8% below recent comps. Those requiring quick liquidity will likely need to accept discounts beyond the current year-over-year decline.

The PropIQ score of 41 signals underlying market stress that extends beyond normal seasonal fluctuations. With zero above-list transactions and extended days-on-market, further price compression appears likely through Q2 2026 unless absorption rates improve materially. Monitoring inventory levels and any movement in the days-on-market metric will indicate whether the decline is stabilizing or accelerating. The current data suggests waiting costs for buyers remain minimal.