Houston, TX 77021 Real Estate Market Report

ZIP Code: 77021
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The median sold price in Houston, TX (ZIP: 77021) currently stands at $200,000, reflecting a market that has decreased 8% since 2022. This decline suggests a shift in buyer sentiment and pricing expectations, as the market adjusts to changing economic conditions. The elevated inventory levels indicate that the supply of homes available for sale is outpacing sales activity, contributing to a slower sales velocity characterized by a median days on market of 236 days.

Despite the recent price declines, the local economy remains robust, supporting a balanced market environment. The median listing price of $315,000 presents a significant gap compared to the median sold price, indicating potential pricing friction as sellers may need to adjust expectations to align with buyer behavior. The overall market temperature is neutral, suggesting that while there are challenges, the fundamentals are still in place for moderate growth moving forward.

---

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

---

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

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 6.59% are higher than the January 2026 average of 5.99%, indicating property owners locked in a favorable rate recently.

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

---

Key Findings

1. $200,000 is the current median sold price, indicating a market that has decreased 8% since 2022.

2. The median listing price of $315,000 shows a notable gap compared to the median sold price, suggesting pricing friction in the market.

3. With a median days on market of 236 days, the market is experiencing slower sales velocity and extended timeframes for transactions.

4. The market temperature is neutral, reflecting a balanced environment despite the challenges in pricing.

5. Rental rates have shown a down trend, with a median market rent of $1,722, indicating potential shifts in demand for leased properties.

---

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.