Houston, TX 77089 Real Estate Market Report

ZIP Code: 77089
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the median sold price in Houston, TX (ZIP: 77089) stands at $276,000, reflecting a market that has experienced a slight downward trend. The neighborhood has decreased 8% since 2022, indicating a shift in buyer sentiment and market dynamics. This decline in sold prices suggests that sellers may need to adjust their expectations to align with current market realities, particularly as the market temperature is classified as neutral.

Transaction activity is characterized by elevated inventory levels, with a median days on market of 164 days, which points to a slower sales velocity. While the underlying demand remains active, supported by job growth in key sectors, the excess supply relative to sales activity may indicate a need for sellers to adopt more competitive pricing strategies to facilitate transactions. Overall, the market is transitioning towards a more balanced state, with potential opportunities for buyers in this evolving landscape.

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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 around 5.875% are notably lower than the 2026 average rate of 6.23%, presenting a cost-saving opportunity for property owners.

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 $276,000 indicates a market that is adjusting to lower buyer expectations.

2. With a median days on market of 164 days, the market is experiencing slower sales velocity compared to previous periods.

3. The median listing price of $278,950 suggests a pricing gap that may require seller adjustments to attract buyers in a neutral market.

4. The median market rent is $1,790, reflecting a down trend year-over-year, which may impact rental investment attractiveness.

5. Overall market conditions are characterized by neutral temperature, indicating a balanced market with opportunities for both buyers and sellers.

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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.