Houston, TX 77009 Real Estate Market Report

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

---

Executive Overview

In Houston, TX (ZIP: 77009), the median sold price stands at $457,500, reflecting a robust market despite the broader Houston area experiencing mixed price movements. The neighborhood has increased 15% since 2023, indicating strong demand and price appreciation locally. The current market conditions suggest a shift towards a more competitive environment for sellers, as elevated inventory levels are observed relative to sales activity.

Transaction velocity appears to be moderate, with properties taking an average of 163 days on market. This extended timeframe may indicate a slower sales velocity, potentially leading to pricing friction as sellers adjust expectations. The median listing price of $450,000 suggests that sellers are optimistic, but the gap between listing and sold prices may create challenges in achieving desired outcomes in a market that is normalizing with expanding inventory.

---

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

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.

---

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

---

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, around 5.88% are significantly higher than the 2.990% low seen for similar loans originated in early 2026, indicating a locked-in favorable rate for existing owners.

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

---

Key Findings

1. The median sold price of $457,500 indicates strong market performance and price appreciation in the area.

2. With a median days on market of 163, properties are experiencing slower sales velocity, suggesting potential pricing adjustments may be necessary.

3. The median listing price of $450,000 reflects seller optimism, though the gap with sold prices may create pricing friction.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may impact future pricing dynamics.

5. The median market rent of $1,722 indicates stable rental demand, although the year-over-year trend is down.

---

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.