Houston, TX 77005 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

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

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

Key Findings

1. median sold price is the primary indicator of realized market value and recent transaction activity, but it is not available in the provided metrics; the available sample shows limited sale data which may explain the absence of a representative median sold price and constrains definitive transaction-level valuation statements. unavailable
2. median listing price: 1,885,000 and median price per square foot: 546 indicate a high-price neighborhood with continued price support; given the market temperature is neutral and the price year-over-year trend is up, listing-level pricing appears aligned with a market that is stable to slightly appreciating. up
3. median days on market: 119 combined with elevated inventory relative to sales in the analyzed sample suggests slower sales velocity and increased pricing friction; this may indicate more negotiation room for buyers and longer marketing times for sellers in the near term. slower transaction volume
4. median market rent: 3,400 alongside a rent year-over-year trend of down signals softer rental rate momentum even though rental demand is reported as strong; investors should weigh softer rent growth against current pricing when underwriting. down
5. interest rate pressure: moderate (current local 30-year fixed mortgage rates ~6.4%–6.8%) and a neutral market temperature collectively suggest a balanced market where financing costs are a headwind but not an acute deterrent to transactions; pricing and timing decisions should incorporate this sustained rate environment. moderate

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.