Houston, TX 77004 Real Estate Market Report

ZIP Code: 77004
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Houston, TX (ZIP: 77004) is characterized by a median sold price of $387,500, reflecting a stable market environment. The neighborhood has seen a flat price trend, indicating that property values have remained consistent over the past year. The median listing price stands at $402,450, suggesting a slight pricing friction between seller expectations and actual market transactions.

Transaction activity appears moderate, with homes taking a notable 309 days on market, which points to slower sales velocity. Elevated inventory levels are present, as the sample indicates excess supply relative to sales activity. Despite these conditions, rental demand remains strong, with a median market rent of $1,722, although rents have experienced a slight year-over-year decrease. The local economy shows positive growth, which may support ongoing housing demand in the area.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Houston, TX are averaging 6.38%, which is 0.25% higher than the 6.13% average seen in March 2025.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $387,500 reflects stable market conditions, with prices showing a flat trend.

2. Homes are taking an average of 309 days on market, indicating slower sales velocity and potential pricing adjustments.

3. With a median listing price of $402,450, there is a noticeable gap suggesting pricing friction between sellers and buyers.

4. The median market rent of $1,722 indicates strong rental demand, despite a slight year-over-year rent decrease.

5. Overall market temperature is neutral, suggesting a balanced market with moderate transaction volume.

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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.