Houston, TX 77005 Real Estate Market Report

ZIP Code: 77005
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

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.

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Key Findings

1. median sold price: unavailable — The primary indicator of realized market value is not reported for this snapshot, likely because recent closed-sale sample size in the analyzed dataset is extremely limited; this lack of a reliable median sold price constrains definitive statements about realized transaction pricing.

2. median listing price: $2,041,500 — Current asking prices sit at this level while broader price momentum is down, suggesting seller expectations may be ahead of recent transaction reality and that pricing friction could persist until more closed-sale data emerge.

3. median days on market: 112 — Extended time to contract signals slower sales velocity and, combined with the report's characterization of elevated inventory relative to sales activity, suggests greater negotiation leverage for buyers and longer marketing windows for sellers; the market temperature is neutral, indicating a generally balanced market with a slight buyer tilt.

4. median market rent: $3,100 and rent year-over-year trend: flat — Rental levels are stable, but elevated interest rate pressure (elevated) may suppress purchase demand and sustain longer listing durations, supporting a cautious pricing stance for investors and owner-occupiers.

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Notable Properties

The following 1 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 77005 Real Estate Market Report

ZIP Code: 77005
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 available in the provided metrics, which may reflect reporting lag or insufficient closed-transaction data in the sample; without a confirmed median sold price, recent transaction-level valuation must be interpreted cautiously and treated as incomplete.

2. median listing price is 212,000, which provides a current asking-price reference but may diverge from actual transaction prices given the missing sold-price data; use the listing price with caution when setting offers or valuations. neutral listing context.

3. median days on market is 166, indicating notably slower sales velocity and suggesting greater negotiation leverage for buyers and more time required to transact; this long marketing period may indicate pricing friction rather than outright market weakness. slower transaction velocity.

4. Price-level and macro signals show price year-over-year trend is down while market temperature is neutral and interest rate pressure is elevated; this combination suggests stabilized to modestly soft pricing with transactional balance but higher financing costs that may weigh on buyer activity—rent trends are flat with median market rent at 2,500, offering limited rental upside. down.

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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.