Houston, TX 77047 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

Key Findings

1. The neighborhood's representative recent sale is 211,500, which should be treated as the primary indicator of market value and is notably below the median listing price of 290,000, suggesting pricing friction between seller expectations and completed transactions.
2. The observed median days on market of 140 points to slower sales velocity and, combined with elevated inventory relative to sales activity in the analyzed sample, suggests transactions may take longer to close and sellers may need to adjust terms or price to improve liquidity.
3. Price momentum is down and the broader market temperature is neutral, indicating a cooling in realized prices while market balance remains roughly even; this combination suggests buyers may have increased negotiating leverage even though overall market mechanics are not sharply one-sided (neutral).
4. Rental dynamics show a median market rent of 2,015 and a rent year-over-year trend that is down, which may reduce near-term landlord income expectations and soften buy-to-rent investment returns in this ZIP code.

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.