Houston, TX 77008 Real Estate Market Report

ZIP Code: 77008
Report Date: February 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Houston, TX (ZIP: 77008) is characterized by a median sold price of $649,250, which reflects the actual transaction activity in the area. This price point indicates a stable market despite the absence of historical sold price change data, suggesting that the neighborhood may be experiencing a period of price stabilization. The median days on market stands at 135 days, indicating a slower sales velocity and potentially a more cautious buyer sentiment in the current environment.

The market is currently facing elevated inventory levels, with a notable divergence between the median listing price of $615,000 and the sold price. This gap may indicate pricing friction as sellers adjust their expectations in response to current market conditions. Furthermore, the overall market temperature is classified as cold, reflecting a trend of declining activity and a moderate interest rate pressure, which may further influence buyer behavior moving forward.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Houston, TX are averaging around 5.75% to 6.01% in February 2026, which is notably lower than the 6.85% average seen a year prior.

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 $649,250 suggests stable transaction activity despite a cold market temperature.

2. With a median days on market of 135 days, the market is experiencing a slower sales velocity, indicating potential buyer hesitation.

3. The median listing price of $615,000 creates a significant gap compared to the sold price, suggesting pricing friction as sellers adjust expectations.

4. Elevated inventory levels relative to sales activity may indicate excess supply in the market, impacting overall liquidity.

5. The median market rent of $2,230 reflects a divergence in rental price trends, which may influence buyer decisions 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.