Houston, TX 77033 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

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. The primary indicator of recent market value is the median sold price of $173,927, which frames current transaction levels as the most reliable signal of neighborhood pricing and suggests a slight softening relative to asking expectations.
2. There is a meaningful spread between the median listing price of $187,500 and the median sold price of $173,927, which may indicate pricing friction and that sellers' expectations are above recent transaction levels; coupled with a median days on market of 204, this suggests slower sales velocity and potential for negotiated price concessions. down
3. Price per unit area is anchored at $140 per sqft, while rental dynamics show a median market rent of $1,750 and a year-over-year rent trend of up, indicating rents are strengthening even as sale prices show softer movement.
4. Macroeconomic headwinds are present: interest rate pressure is described as elevated and the market temperature is neutral, which appears to be tempering buyer urgency and contributing to elevated inventory relative to sales activity and slower transaction throughput.

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.