Houston, TX 77021 Real Estate Market Report

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

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Executive Overview

As of February 2026, the real estate market in Houston, TX (ZIP: 77021) is characterized by a median sold price of $211,686.50, reflecting a significant gap from the median listing price of $320,000. This disparity suggests that sellers may need to adjust expectations to align with current market realities. The neighborhood has decreased 8% since 2022, indicating a downward trend in sold prices, which may be influenced by elevated inventory levels and slower sales velocity.

The market is currently experiencing 186 days on market, which points to a slower transaction pace and suggests that buyers are taking more time to make decisions. Elevated inventory levels relative to sales activity indicate excess supply, shifting leverage toward buyers. This environment may lead to further price adjustments as sellers respond to the changing dynamics of the market.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Houston TX 77021 market average around 5.875% to 6.19%, which is notably lower than the average 6.5% seen for much of 2025, presenting a potential cost-saving opportunity for recent refinancers.

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 $211,686.50 indicates a significant pricing gap compared to the median listing price of $320,000, suggesting potential pricing friction for sellers.

2. With 186 days on market, the current sales velocity is slower, reflecting a cautious buyer sentiment in the market.

3. The neighborhood has decreased 8% since 2022, indicating a down trend in property values, which may affect seller expectations.

4. Elevated inventory levels relative to sales activity suggest excess supply, which may lead to further price adjustments as sellers compete for buyers.

5. The market temperature remains neutral, indicating balanced conditions despite the downward pressure on prices.

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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.