Houston, TX 77003 Real Estate Market Report

ZIP Code: 77003
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. median sold price is not available in the provided metrics; this likely reflects a limited closed-transaction sample in the analyzed dataset, so recent transaction-level market value must be interpreted with caution rather than assumed. neutral

2. The local pricing snapshot shows a median listing price of 427,000, with broader market signals showing prices year-over-year are down; the median price per square foot of 212 suggests pricing density that buyers and appraisers will reference when comparing recent sales. moderate

3. Market liquidity appears slower: the median days on market of 140 indicates extended listing durations and, combined with elevated inventory relative to sales activity, may indicate pricing friction and reduced transaction velocity; sellers should consider realistic time-to-contract expectations. elevated inventory relative to sales activity

4. Rental and financing context favors cautious underwriting: the median market rent of 1,965 and a rent year-over-year trend that is up support modest rent growth assumptions, but elevated interest rate pressure (elevated) requires stress-testing deals for higher carrying costs and slower refinance windows.

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Notable Properties

The following 4 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Houston, TX 77003 Real Estate Market Report

ZIP Code: 77003
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. median sold price is not provided in the supplied metrics and therefore cannot be used here as a transaction-based anchor; treat the absence of a reported median sold price as a limitation when reconciling asking prices and realized transactions.

2. median listing price 312,000 sits alongside a reported neutral market temperature, which suggests current asking levels may reflect a market in transition rather than a clear appreciation trend and may indicate pricing friction between sellers and buyers.

3. median days on market 114 points to slower sales velocity, which, combined with the neutral market temperature, suggests liquidity is moderate and transactions may take longer to close than in faster-moving submarkets.

4. median market rent 1,851 and the up rent year-over-year trend occur in the context of interest rate pressure elevated, implying rental demand is supporting cashflow prospects even as borrowing costs may constrain some buyer activity.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.