Houston, TX 77007 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

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

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

Key Findings

1. The principal market-value indicator is the median sold price 820,943, which represents the most reliable recent transaction signal for the neighborhood and should be treated as the primary anchor for pricing decisions; flat price trend suggests limited directional movement in valuations at present.
2. There is a notable gap between median sold price 820,943 and the median listing price 539,495, which may indicate pricing friction between seller expectations and recent transaction levels and appears to coincide with excess supply relative to sales activity.
3. The median days on market 172 is prolonged relative to typical market turnover, which suggests slower sales velocity and that sellers may need to consider pricing or marketing adjustments to improve liquidity; neutral market temperature implies balance rather than a strong one-sided market.
4. Macro and demand-side headwinds are present: property rate comparison 6.44% and interest rate pressure elevated are constraining financing capacity while rent year-over-year trend down and median market rent 2,190 signal softer rental momentum—together these factors may pressure near-term buyer urgency and investor underwriting; elevated interest rate pressure.

Notable Properties

The following 7 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.