79718
Pecos, Texas
Pecos 79718 needs watching.
The 79718 ZIP code in Pecos, Texas has a median sale price of $360K, down N/A year-over-year. Homes spend an average of 325 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 79718.
The Pecos 79718 market shows significant buyer resistance with homes averaging 325 days on market, nearly eleven times the national average. The median sale price holds at $359,900 with flat year-over-year movement, indicating price discovery challenges rather than stability. Zero percent of homes sold above list price in the measured period, confirming a demand-constrained environment where sellers hold no pricing power.
This market exclusively favors patient buyers with cash positions who can negotiate aggressively below ask prices. The 325-day absorption rate creates leverage for purchasers willing to submit low offers and wait through extended closing timelines. Sellers face unfavorable conditions and should only list if relocation or financial necessity dictates, as the data suggests extended holding periods with potential price concessions required to achieve transactions.
The PropIQ score of 27 signals elevated transaction risk and potential further price deterioration. With no homes commanding premiums and inventory moving at less than two sales annually based on days-on-market velocity, watch for capitulation sellers reducing prices substantially in coming quarters. The flat year-over-year change appears unsustainable given demand metrics, suggesting downward price pressure may materialize as motivated sellers adjust expectations to market reality.
What is the median home price in 79718 Pecos?
The median sale price in 79718 is $360K, down N/A year-over-year as of 2021-08-31.
How long do homes stay on the market in Pecos 79718?
Homes in 79718 Pecos spend an average of 325 days on market before going under contract.
Is Pecos 79718 a good place to invest in real estate?
Folio's PropIQ™ score for 79718 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 79718?
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 79718 Pecos, Texas.