Houston, TX 77089 Real Estate Market Report

ZIP Code: 77089
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: 77089) is currently $272,500, reflecting a slight downward trend in home values. This indicates a market that has decreased 8% since 2022, suggesting a cooling in pricing dynamics. The elevated inventory levels, coupled with a median days on market of 215, point to a slower sales velocity and a shift towards a more balanced market environment.

Despite the declining prices, the underlying economic factors such as population and job growth continue to support housing demand. However, the elevated interest rate pressure, with current mortgage rates around 6.6%, may temper buyer enthusiasm and further contribute to the extended time properties are taking to sell. The market temperature remains neutral, indicating a balance between supply and demand, yet the excess supply relative to sales activity suggests potential pricing friction ahead.

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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 Houston, TX 77089 around 6.6% are notably lower than the 2026 national average of 6.43%, presenting a potential 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 $272,500 reflects a market that has decreased 8% since 2022.

2. With a median days on market of 215, properties are experiencing slower sales velocity compared to previous periods.

3. The median listing price of $315,000 indicates a significant gap from the sold price, suggesting potential pricing friction in negotiations.

4. Current median market rent is $1,790, which may influence buyer decisions in a market with moderate interest rate pressure.

5. The overall market temperature is neutral, reflecting a balance between elevated inventory levels and moderate sales activity.

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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.