75802
Palestine, Texas
Palestine 75802 needs watching.
The 75802 ZIP code in Palestine, Texas has a median sale price of $108K, down N/A year-over-year. Homes spend an average of 163 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 75802.
The Palestine, TX 75802 market shows stagnation with a median sale price of $108,000 holding flat year-over-year as of May 2022. Inventory moves slowly at 163 days on market, more than triple the velocity seen in balanced conditions. Zero percent of homes are selling above list price, indicating buyers face no competitive pressure and hold full negotiating leverage. This data cluster points to persistent oversupply without demand catalysts to absorb available housing stock.
Patient buyers with flexible timelines benefit most from these conditions, as the 163-day average marketing period creates space for prolonged due diligence and multiple price negotiations. Cash investors seeking below-market entry points can exploit the zero above-list environment, though the flat price trajectory offers no appreciation upside based on trailing twelve-month performance. Sellers face unfavorable conditions and should delay listing unless immediate liquidity needs override the weak pricing environment.
The PropIQ score of 27 signals material caution, suggesting downward price pressure may emerge if days-on-market extends further or inventory accumulates. Without demand improvement, the flat year-over-year trend could shift negative in subsequent quarters. Monitor monthly absorption rates and new listing velocity to identify whether this market approaches equilibrium or deteriorates into deeper buyer advantage with potential price corrections ahead.
What is the median home price in 75802 Palestine?
The median sale price in 75802 is $108K, down N/A year-over-year as of 2022-05-31.
How long do homes stay on the market in Palestine 75802?
Homes in 75802 Palestine spend an average of 163 days on market before going under contract.
Is Palestine 75802 a good place to invest in real estate?
Folio's PropIQ™ score for 75802 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 75802?
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 75802 Palestine, Texas.