75832
Palestine, Texas
Palestine 75832 needs watching.
The 75832 ZIP code in Palestine, Texas has a median sale price of $130K, down N/A year-over-year. Homes spend an average of 132 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 75832.
The Palestine, TX 75832 market shows stagnant conditions with a median sale price of $129,700 holding flat year-over-year through June 2020. Properties are sitting unsold for an average of 132 days, nearly four times the typical velocity seen in balanced markets. Zero percent of homes are selling above list price, indicating buyers face no competition and hold full negotiating leverage. This extended inventory absorption period signals weak demand relative to available supply in this sub-$130K price segment.
These conditions favor patient buyers with cash reserves who can wait out lengthy closing timelines and negotiate below asking prices. Traditional investors seeking quick appreciation should avoid this market given the flat price trajectory and sluggish turnover. Sellers face minimal urgency from buyers and should expect extended marketing periods, making this ZIP code suitable only for those without time constraints or equity requirements. The 0% above-list metric confirms every transaction involves price concessions.
The PropIQ score of 27/100 signals significant caution ahead, suggesting current weakness may persist or deteriorate further. With 132-day absorption rates already elevated, any additional inventory influx could push days-on-market beyond 150 days. Investors should monitor whether the flat pricing breaks downward if the liquidity crisis continues. This score indicates structural demand issues that typically require 12-18 months to resolve even under improving economic conditions.
What is the median home price in 75832 Palestine?
The median sale price in 75832 is $130K, down N/A year-over-year as of 2020-06-30.
How long do homes stay on the market in Palestine 75832?
Homes in 75832 Palestine spend an average of 132 days on market before going under contract.
Is Palestine 75832 a good place to invest in real estate?
Folio's PropIQ™ score for 75832 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 75832?
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 75832 Palestine, Texas.