Houston, TX 77009 Real Estate Market Report

ZIP Code: 77009
Report Date: May 2026
Market Temperature: COLD
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

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 the 77009 area are approximately 6.46%, reflecting a stable market environment for property owners compared to early 2026 origination trends.

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 neighborhood's primary market indicator, median sold price, is $413,000, which serves as the most reliable signal of realized value and recent transaction activity and suggests seller expectations are broadly aligned with recent sales given the nearby median listing price of $414,900.

2. The market is showing slower transaction velocity: the reported median days on market is 189, which indicates longer holding periods and cold market conditions that may require price concessions or longer marketing timelines to achieve contracts.

3. Liquidity appears impaired with elevated inventory relative to sales in the analyzed sample, and price momentum is negative—price year-over-year trend is down—which together suggest continued pricing friction and a buyer-advantaged negotiating environment.

4. Rental-side dynamics show a median market rent of $1,800 while rent year-over-year trend is down; combined with elevated interest rate pressure (Current 30-year fixed mortgage rates are approximately 6.46%), this environment may favor renters and cautious investor underwriting in the near term.

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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.

Houston, TX 77009 Real Estate Market Report

ZIP Code: 77009
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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

Liquidity metrics unavailable due to insufficient data quality.

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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 the 77009 area are approximately 6.46%, reflecting a stable market environment for property owners compared to early 2026 origination trends.

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 the primary indicator of market value and recent transaction activity, but a specific median sold price value is not provided in the dataset; this metric may be unavailable here due to limited recent closings or sample coverage (only 8 sold properties analyzed) and should be sourced before final pricing decisions. data gap.

2. price year-over-year trend: down and market temperature: cold together indicate ongoing price softening and slower sales velocity, which suggests pricing friction and that sellers may need to adjust expectations to transact; down.

3. median market rent: $1,414 combined with a rent year-over-year trend: down points to easing rental rates and expanding rental availability, which may reduce near-term landlord income growth and favor renter negotiating leverage. down.

4. property rate comparison: Current 30-year fixed mortgage rates in the 77009 area are approximately 6.46% and interest rate pressure: elevated — this level of borrowing cost likely constrains buyer affordability and may prolong time-to-contract, even as the interest-rate environment is described as relatively stable versus early‑2026 origination trends. 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.