75645
Longview, Texas

The 75645 ZIP code in Longview shows significant price compression with the median sale price at $232,000, down 28.8% year-over-year. Homes are averaging 104.5 days on market, well above the typical equilibrium threshold of 60 days. Zero properties sold above asking price in the most recent data period, indicating buyers maintain full negotiating leverage. This three-month-plus absorption rate signals excess inventory relative to demand, creating a distinctly buyer-favorable environment.

Price-sensitive first-time buyers and value investors focused on cash flow over appreciation will find optimal entry conditions in this market. The 28.8% price decline creates below-replacement-cost opportunities, particularly for buy-and-hold investors who can weather continued price discovery. Sellers face unfavorable conditions and should avoid listing unless necessary, as the 104.5-day marketing period combined with zero above-ask sales suggests further price concessions will be required to transact.

The PropIQ score of 41 signals continued caution, suggesting price stabilization remains several quarters away. Declining median values coupled with extended days-on-market typically precede inventory accumulation before equilibrium returns. Buyers should monitor month-over-month sales velocity and new listing volumes—compression in DOM below 90 days would indicate approaching market balance. Until absorption rates improve, expect sustained buyer advantage and potential for additional modest price erosion through mid-2026.