Houston, TX 77008 Real Estate Market Report

ZIP Code: 77008
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 Houston housing market in the 77008 area is characterized by a median sold price of $645,000, reflecting a stable market despite a down trend in prices year-over-year. This suggests a potential adjustment in buyer expectations as the market normalizes. The median days on market stands at 131, indicating a slower sales velocity, which may be attributed to elevated inventory levels relative to sales activity.

The market appears to be moving towards equilibrium, with elevated inventory contributing to a more balanced environment for buyers. The median listing price of $560,000 indicates a notable gap between asking and sold prices, suggesting that sellers may need to adjust their expectations to align with current market realities. Overall, while the market is experiencing some pressure, it remains supported by steady population and job growth, providing a foundation for future stability.

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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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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 are around 5.87% to 6.13% compared to early 2026 averages near 6.2% to 6.4%, presenting a slight cost opportunity for refinancing property owners.

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 $645,000 indicates a stable market despite a down trend in prices year-over-year.

2. With 131 days on market, the area is experiencing a slower sales velocity, suggesting moderate transaction activity.

3. The median listing price of $560,000 shows a significant gap compared to the sold price, indicating potential pricing friction for sellers.

4. Elevated inventory levels suggest an neutral market temperature, balancing buyer and seller dynamics.

5. The median market rent of $2,230 remains stable, reflecting ongoing demand for rental properties 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.