Houston, TX 77007 Real Estate Market Report

ZIP Code: 77007
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the median sold price in Houston, TX (ZIP: 77007) stands at $523,949.50, reflecting a market that has seen a shift towards price moderation. Although specific historical sold price change data is not available, the current market dynamics suggest a down trend in pricing year-over-year. The elevated inventory levels indicate a shift in balance towards buyers, with the market temperature classified as neutral. This environment may lead to more favorable conditions for buyers as they navigate their options in a cooling market.

The median days on market is notably high at 146 days, indicating a slower sales velocity and suggesting that properties are taking longer to sell. This extended time on the market, combined with the $547,000 median listing price, highlights a significant gap between seller expectations and buyer willingness to pay, further contributing to the current market conditions. Overall, while buyer demand remains active, the market is experiencing a transition towards a more normalized equilibrium, characterized by excess supply relative to sales activity.

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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 the Houston 77007 area are around 5.875% to 6.19%, which is slightly higher than the 5.50% to 5.875% range seen for 2026 originations earlier this year.

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 $523,949.50 indicates a market adjusting to price moderation as inventory levels rise.

2. With 146 days on the market, properties are experiencing slower sales velocity, suggesting potential pricing friction.

3. The median listing price of $547,000 shows a notable gap from the sold price, reflecting seller expectations that may not align with current buyer sentiment.

4. Market temperature is classified as neutral, indicating balanced conditions without clear favor towards buyers or sellers.

5. Elevated inventory levels suggest down pressure on prices, as excess supply may lead to further adjustments in the coming months.

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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.