77976
Victoria, Texas
Victoria 77976 needs watching.
The 77976 ZIP code in Victoria, Texas has a median sale price of $130K, down N/A year-over-year. Homes spend an average of 106 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 77976.
The 77976 ZIP code in Victoria, TX shows a stagnant market with a median sale price of $130,000 that remains flat year-over-year as of February 2016. Properties are sitting for an extended 106 days on average before selling, nearly double the velocity of balanced markets. Notably, zero percent of homes are selling above list price, indicating buyers face no competitive pressure and sellers hold minimal negotiating leverage in current transactions.
This environment favors patient, price-sensitive buyers who can leverage the 106-day absorption rate to negotiate below asking price. Investors seeking immediate appreciation should look elsewhere given the flat year-over-year pricing and absence of above-list sales. Sellers face challenging conditions and should consider waiting unless circumstances require immediate liquidity, as the data suggests they'll likely accept discounts from initial listing prices.
The PropIQ score of 27 out of 100 signals caution and suggests continued weakness ahead for this market. With no homes commanding premiums and inventory moving at half-speed, watch for potential further price softening if days-on-market extends beyond 120 days. The combination of flat appreciation and poor market velocity indicates this ZIP code lacks the demand drivers necessary for near-term recovery.
What is the median home price in 77976 Victoria?
The median sale price in 77976 is $130K, down N/A year-over-year as of 2016-02-29.
How long do homes stay on the market in Victoria 77976?
Homes in 77976 Victoria spend an average of 106 days on market before going under contract.
Is Victoria 77976 a good place to invest in real estate?
Folio's PropIQ™ score for 77976 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 77976?
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 77976 Victoria, Texas.