Houston, TX 77007 Real Estate Market Report

ZIP Code: 77007
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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.

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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 neighborhood’s primary transaction indicator, median sold price, is 693,943, which should be treated as the best representation of recent market value and realized transactions in 77007.

2. There is a notable divergence between the median listing price of 512,500 and the median sold price of 693,943, which suggests listing expectations differ from recent transaction outcomes and may require sellers to realign pricing or complete longer marketing periods.

3. Market velocity appears muted: the median days on market is 176, which, combined with elevated inventory relative to sales activity, suggests slower sales velocity and pricing friction rather than rapid turnover.

4. Contextual indicators show price trends are down year-over-year and rent trends are down, while market temperature is neutral and interest rate pressure is elevated; together these signals indicate affordability headwinds and a more balanced to buyer-leaning environment that may favor negotiated deals and contingent offer structures.

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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.

Houston, TX 77007 Real Estate Market Report

ZIP Code: 77007
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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 <b>median sold price</b> is not available in the provided metrics, which may reflect limited closed-transaction data or reporting lag for recent sales in the 77007 sample rather than indicating an absence of market activity.

2. The neighborhood shows a persistent gap between asking and pace signals: the <b>median listing price</b> of $317,500 combined with a <b>median days on market</b> of 140 suggests pricing friction and slower sales velocity that may require price adjustments or longer marketing periods to achieve transactions.

3. Unit economics show a <b>median price per square foot</b> of $298 alongside a <b>median market rent</b> of $2,111; with price year-over-year trend: down and rent year-over-year trend: down, this indicates both capital and rental appreciation pressures are softening while interest rate pressure: elevated continues to constrain affordability.

4. With the market temperature reported as <b>neutral</b>, conditions appear balanced but fragile: expect moderate transaction volume and potentially elevated inventory relative to sales activity, which may keep upward price momentum limited until interest rate pressure eases or demand improves.

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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.