78371
Laredo, Texas
Laredo 78371 needs watching.
The 78371 ZIP code in Laredo, Texas has a median sale price of $32K, down N/A year-over-year. Homes spend an average of 201 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 78371.
The 78371 ZIP code shows a stagnant residential market with a median sale price of $32,000 that has remained flat year-over-year through April 2019. Properties are sitting for an average of 201 days before selling, nearly seven months, with zero homes commanding above-list prices. This prolonged inventory absorption rate and absence of competitive bidding indicates substantial buyer leverage and minimal demand pressure in this Laredo submarket.
Patient investors seeking deep-value acquisitions will find favorable conditions given the extended 201-day marketing period and complete lack of bidding competition. Cash buyers can negotiate aggressively below list price without facing counterbids, while traditional owner-occupant buyers dependent on financing may struggle given the $32,000 price point falls below many conventional loan minimums. Sellers face the weakest positioning, with data showing no premium capture and multi-month holding costs during the sales process.
The PropIQ score of 27 out of 100 signals significant cautionary factors that warrant heightened due diligence on property condition, neighborhood trajectory, and exit strategy viability. This low score combined with flat pricing despite a broader 2019 market recovery suggests structural headwinds specific to this ZIP code. Prospective participants should monitor whether days-on-market begins contracting or if the flatline pricing deteriorates into negative year-over-year territory in subsequent quarters.
What is the median home price in 78371 Laredo?
The median sale price in 78371 is $32K, down N/A year-over-year as of 2019-04-30.
How long do homes stay on the market in Laredo 78371?
Homes in 78371 Laredo spend an average of 201 days on market before going under contract.
Is Laredo 78371 a good place to invest in real estate?
Folio's PropIQ™ score for 78371 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 78371?
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 78371 Laredo, Texas.