Houston, TX 77005 Real Estate Market Report

ZIP Code: 77005
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Houston housing market in ZIP code 77005 is currently characterized by a median sold price of $1,599,000, reflecting a steady demand despite some national market softening. The neighborhood has increased up since 2023, indicating a resilient market amidst broader economic fluctuations. The median days on market stands at 310, suggesting a slower sales velocity, which may indicate a shift towards a more balanced market where buyers have slightly more leverage due to elevated inventory levels.

Inventory levels are increasing, leading to a more balanced market dynamic. While the median listing price is recorded at $1,582,000, the gap between listing and sold prices may suggest some pricing friction as sellers adjust expectations. Overall, the market temperature is neutral, indicating stable conditions, although elevated interest rate pressure could influence future buyer behavior and market liquidity.

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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 77005 are averaging 6.38%, which is 0.36% higher than last week's average of 6.22%.

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 $1,599,000 indicates a strong market performance despite national trends showing signs of softening.

2. With a median days on market of 310, the market is experiencing slower sales velocity, which may suggest a shift towards a more balanced environment.

3. The median listing price of $1,582,000 reflects seller expectations that may need adjustment in light of current market conditions.

4. Elevated inventory levels suggest excess supply relative to sales activity, providing buyers with more options and potentially influencing pricing strategies.

5. The median market rent of $3,340 continues to rise, indicating sustained demand for rental properties in the area.

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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.