Houston, TX 77009 Real Estate Market Report

ZIP Code: 77009
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Houston, TX (ZIP: 77009) is characterized by a median sold price of $468,450, reflecting a decrease in property values year-over-year. This decline in pricing may indicate a shift in buyer sentiment and market dynamics, as the neighborhood has decreased 8% since 2022. The median days on market stands at a notable 312 days, suggesting a slower sales velocity and potentially indicating that buyers are taking more time to make purchasing decisions in the current market environment.

Inventory levels are currently elevated, with an excess supply relative to sales activity. This situation is further compounded by the median listing price of $419,000, which creates a pricing gap that may challenge seller expectations. Despite the overall market showing signs of moderation, rental demand in the area remains strong, with a median market rent of $1,722, indicating a resilient rental market even amidst declining sales prices. Overall, the market temperature appears to be neutral, reflecting a balance between supply and demand, albeit with some caution due to the elevated days on market and declining prices.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Houston, TX are 6.54% compared to an average of 6.25% for typical 2026 originations, meaning recent borrowers locked in a slightly more favorable rate.

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 $468,450 indicates a decrease in property values year-over-year, suggesting potential pricing challenges for sellers.

2. With a median days on market of 312 days, the market is experiencing slower sales velocity, which may affect buyer engagement and decision-making.

3. The median listing price of $419,000 creates a pricing gap relative to the sold price, indicating potential pricing friction in the market.

4. Elevated inventory levels suggest an excess supply relative to sales activity, which may lead to further price adjustments in the near term.

5. Despite the overall market moderation, the median market rent of $1,722 shows strong rental demand, indicating resilience in the rental sector.

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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.