Houston, TX 77047 Real Estate Market Report

ZIP Code: 77047
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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 77047 area are averaging 6.4%, reflecting a stable interest rate environment for property owners in this market.

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 primary market indicator, median sold price 229,300, represents recent transaction value and should be treated as the representative recent sale; given the gap to median listing price 271,250, seller price expectations exceed recent transaction levels.

2. Liquidity appears muted: the median days on market 146 suggests slower sales velocity and, combined with elevated inventory relative to sales, pricing friction and greater negotiation room may indicate longer marketing periods.

3. Price direction is down while market temperature is neutral; the median price per square foot 147 and rising rent trend (rent year-over-year trend: up) provide valuation context for investors and owner-occupiers.

4. Local financing conditions show moderate pressure: current 30-year fixed mortgage rates in the area are averaging 6.4%, and with interest rate pressure labeled as moderate, buyer finance sensitivity may continue to temper transaction urgency.

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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.