78045
Laredo, Texas

The 78045 ZIP code in Laredo is experiencing a buyer's market with a median sale price of $299,785, down 8.5% year-over-year as of February 2026. Inventory is moving slowly at 105 days on market, significantly above the national average of 60-70 days. With only 1% of homes selling above list price, sellers have minimal leverage in negotiations, indicating sustained downward pressure on valuations in this segment of Laredo's market.

These conditions favor cash buyers and patient purchasers who can capitalize on the 8.5% price decline and extended negotiation windows. First-time buyers benefit from reduced competition, with 99% of homes selling at or below asking price. Current sellers face difficulty unless pricing 5-10% below recent comparables, as the 105-day average suggests properties at market rate are sitting unsold for over three months. Investors seeking immediate appreciation should avoid this zone.

The PropIQ score of 45/100 signals caution, suggesting further price erosion or stagnation is likely through mid-2026. Monitor monthly sales volume and whether days-on-market extends beyond 120 days, which would indicate deeper distress. The score suggests this market has not found its floor; buyers should wait for stabilization indicators like DOM dropping below 90 days or the score rising above 55 before assuming prices have bottomed in this Laredo submarket.