Houston, TX 77047 Real Estate Market Report

ZIP Code: 77047
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Houston, TX (ZIP: 77047) is $256,000, reflecting a stable market environment. This indicates a balanced market with no significant upward or downward pressure on prices. The market has shown a flat price year-over-year trend, suggesting that while there are fluctuations, the overall pricing has maintained stability.

Transaction activity appears moderate, with 245 days on market, indicating slower sales velocity and a potential shift in buyer sentiment as they gain more leverage amid elevated inventory levels. The current market temperature is assessed as neutral, suggesting that conditions are balanced between buyers and sellers, with neither side exerting significant pressure over the other.

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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

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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 market average around 6.25% to 6.54%, which is slightly higher than the 6.11% to 6.65% range seen one year ago, indicating property owners locked in a favorable rate then.

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 $256,000 indicates a stable pricing environment with no significant fluctuations.

2. With 245 days on market, the market is experiencing slower sales velocity, suggesting buyers may be taking more time to make decisions.

3. The median listing price of $275,500 reflects a notable gap compared to the median sold price, indicating potential pricing friction for sellers.

4. The median market rent stands at $2,000, which may influence buyer decisions as rental trends are down year-over-year.

5. Current interest rates are elevated, averaging between 6.25% and 6.54%, which may impact buyer affordability and overall market dynamics.

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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.