Houston, TX 77008 Real Estate Market Report

ZIP Code: 77008
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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Houston, TX are 6.4%, reflecting a stable market environment for property owners compared to early 2026 averages.

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. median sold price is not available in the provided metrics, so recent transaction-level market value cannot be directly reported from this dataset; its absence may reflect limited closed-sales data in the sampled timeframe and constrains precise valuation conclusions, so use listing and market-rate signals cautiously. data gap

2. The pricing snapshot shows a median listing price of 597,000 while broader price direction is down year-over-year, and the median price per square foot of 260 suggests pricing remains elevated relative to typical inner-city submarkets — sellers should expect some pricing friction between ask and realized sale values. down

3. Market liquidity appears subdued: the median days on market of 118 indicates slower sales velocity and, combined with elevated inventory relative to sales activity in the sample, suggests transaction timelines may be extended even though the marketTemperature is neutral, pointing to a move toward balance rather than a rapid rebound. neutral

4. Rent and financing context: the median market rent of 2,550 is rising (rent year-over-year trend is up), which may support investor interest, while interest rate pressure is elevated and current 30-year fixed mortgage rates are 6.4%, a combination that could temper buyer affordability despite strengthening rental demand. elevated

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Notable Properties

The following 4 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.