Houston, TX 77007 Real Estate Market Report

ZIP Code: 77007
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 (77007) is characterized by a median sold price of $525,000, reflecting a stable market with modest price appreciation. The neighborhood has increased 0% since 2023, indicating a period of price stability. The median listing price stands at $554,900, suggesting a notable gap between seller expectations and actual transaction values, which may contribute to pricing friction in the market.

Transaction activity appears moderate, with median days on market at 257 days, indicating slower sales velocity and a potential need for sellers to adjust their pricing strategies. The inventory conditions show elevated inventory levels relative to sales activity, which may suggest a buyer's market dynamic, despite the overall balanced market temperature. The rental market is experiencing slight year-over-year decreases, with a median market rent of $2,580, reflecting strong demand but also indicating potential challenges for landlords.

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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. The median sold price of $525,000 indicates stable market conditions, with no price increase since 2023.

2. The median listing price of $554,900 suggests a significant gap between seller expectations and actual sales, which may create pricing friction.

3. With median days on market at 257 days, the market shows signs of slower sales velocity, necessitating potential adjustments in pricing strategies.

4. Elevated inventory levels relative to sales activity suggest excess supply, which may favor buyers in negotiations.

5. The rental market is under pressure with a median market rent of $2,580, indicating slight year-over-year decreases in rental prices.

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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.