Houston, TX 77021 Real Estate Market Report

ZIP Code: 77021
Report Date: May 2026
Market Temperature: NEUTRAL
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

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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.

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Key Findings

1. The primary indicator of market value is the median sold price: 201,000; this representative recent sale level contrasts with the median listing price of 307,000, which suggests pricing friction between seller expectations and recent transaction levels.

2. Extended time-to-contract is evident with a median days on market of 189, which, together with elevated inventory relative to sales activity, appears to indicate slower transaction velocity and increased buyer negotiating leverage.

3. Unit-level pricing context shows a median price per square foot of 167 and a median market rent of 1,950, providing measurable benchmarks for pricing and rent comparables without implying specific yields or returns; treat these as reference points when structuring offers.

4. Broad trend and market-force signals are mixed: down price year-over-year trend and down rent year-over-year trend point to softening, while market temperature is neutral; elevated interest rate pressure (highlighted factor) suggests downward pressure on demand and continued caution for near-term appreciation.

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Notable Properties

The following 7 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.