Houston, TX 77003 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

Key Findings

1. median sold price is not available in the provided metrics, so transaction-based market value cannot be directly stated here; this absence may reflect limited closed-sale reporting in the sample and suggests relying on nearby transaction data or requesting full MLS sold records for precise valuation.
2. median listing price of 425,000 indicates current seller expectations and, combined with the sample's elevated inventory relative to sales activity, may signal pricing friction; consider positioning offers with market-informed concessions or appraisal contingencies to bridge potential gaps.
3. median days on market of 137 points to slower sales velocity and reduced liquidity compared with faster-moving markets, which may require longer marketing windows or more aggressive pricing to achieve timely closings; plan for extended holding costs and staged marketing spend.
4. median market rent of 1,973 and a rent year-over-year trend of down suggest softening rental rates even as demand remains referenced in background context, so investors should be cautious projecting rental income growth and stress-test underwriting against flat or declining rent assumptions while noting median price per square foot of 212 for unit-level valuation comparisons.

Notable Properties

The following 3 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.