78024
Kerrville, Texas

The 78024 ZIP code displays pronounced buyer leverage with a median sale price of $469,000 holding flat year-over-year and zero homes trading above asking price. Properties are sitting an average of 342 days on market, nearly five times the typical balanced market threshold of 60-90 days. This extended absorption period signals substantial oversupply relative to demand, with sellers unable to command pricing power in negotiations. The stagnant price appreciation despite broader Texas market strength indicates localized resistance at current valuation levels.

Patient buyers with flexible timelines benefit most from these conditions, as the 342-day average DOM provides substantial negotiating latitude on price, repairs, and closing costs. Investors seeking cash flow should find receptive sellers, though the flat appreciation trend suggests minimal near-term equity gains. Current homeowners considering selling face unfavorable conditions with zero above-ask transactions and extended marketing periods requiring either aggressive pricing or willingness to wait. First-time buyers can leverage the absence of bidding wars that plague lower-inventory markets.

The PropIQ score of 37 signals caution for price stability ahead, suggesting continued weakness in the near term. With no momentum in pricing and inventory clearing at glacial pace, appreciation catalysts remain absent from current data. Buyers should monitor whether DOM begins contracting below 300 days or if any properties start closing above list, which would indicate demand inflection. Until absorption rates improve meaningfully, this market favors continued buyer negotiating power through 2026.