Houston, TX 77009 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market value is the median sold price $498,000, which anchors recent transaction activity and should be treated as the most reliable local price signal.
2. The median listing price $424,995 sits below the median sold price $498,000, which may indicate pricing friction between asking and completed transactions in the analyzed sample.
3. The median days on market 210 indicates slower sales velocity and, when combined with elevated inventory relative to sales activity, suggests reduced liquidity and longer negotiation windows.
4. Price year-over-year trend is down while market temperature is neutral, and rent year-over-year trend is down, implying cautious price momentum; interest rate pressure is moderate with current 30-year fixed mortgage rates around 6.76% (0.46% higher than the 6.30% spring 2026 average), which may further temper buyer urgency.

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.