Houston, TX 77021 Real Estate Market Report

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

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

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

Key Findings

1. median sold price: $180,000 is the clearest indicator of recent transaction levels in 77021; this representative recent sale level, combined with a market temperature described as cold, suggests downward pricing momentum and that actual transaction values are trailing asking expectations.
2. median listing price: $270,000 sits notably above the median sold price, which may indicate a significant gap between seller expectations and recent closed transactions and could contribute to pricing friction as buyers push offers below ask.
3. median days on market: 219 points to materially slower sales velocity and reduced liquidity; when paired with elevated inventory relative to sales activity, this appears to create a buyer-favorable negotiating environment rather than fast turnover.
4. median market rent: $1,990 and a rent year-over-year trend of down indicate rental income pressure in the area, while interest rate pressure characterized as moderate and local 30-year fixed mortgage rates around the stated range suggest financing costs remain a caution for buyers and investors.

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.