Houston, TX 77077 Real Estate Market Report

ZIP Code: 77077
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 77077 area are 6.45% compared to the 6.17% average observed in January 2026.

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. $320,000 median sold price is the most reliable indicator of current market value in 77077 and appears to be a representative recent sale level; compared with the median listing price of $422,500, this suggests meaningful pricing friction where seller expectations may exceed realized transaction prices and sellers may need to reduce asking prices or improve presentation to close deals.

2. 169 median days on market signals slower sales velocity and reduced liquidity in the sample; downward pressure on transactional pace may persist, so sellers should plan for longer marketing windows and buyers can expect more negotiating leverage.

3. $178 median price per square foot reflects the current valuation density for SFR and condo inventory; with a neutral market temperature and elevated inventory relative to sales activity, price per square foot is likely to be a primary negotiation anchor for appraisals and offer strategy.

4. 6.45% current 30-year rate (versus a 6.17% January 2026 average) highlights elevated interest rate pressure; elevated borrowing costs, combined with rent year-over-year trend down and a median market rent of $1,950, may suppress buyer affordability and reinforce the need for realistic pricing and financing-sensitive marketing tactics.

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Notable Properties

The following 7 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.

Houston, TX 77077 Real Estate Market Report

ZIP Code: 77077
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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

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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 77077 area are 6.45% compared to the 6.17% average observed in January 2026.

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. median sold price is unavailable in the provided metrics; this absence likely reflects a limited sample of recent closed transactions and means recent listing and trend indicators should be used cautiously when inferring realized market value.

2. median listing price is 134,950, indicating current seller expectations are concentrated near that level and may act as an upper-bound reference for transaction pricing in the short term; pricing friction appears likely given other liquidity signals.

3. median days on market is 285, which signals notably slower sales velocity and suggests longer time-to-contract and elevated inventory relative to sales activity that may pressure sellers to adjust pricing or concessions.

4. price year-over-year trend is down while market temperature is neutral; combined with interest rate pressure at elevated levels (local 30-year fixed rates ~6.45% versus a 6.17% average in January 2026), this environment increases financing headwinds and supports cautious pricing strategies for sellers and conservative offer strategies for buyers.

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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.