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

The Houston, TX (ZIP: 77089) market reflects a median sold price of $278,480.50, indicating a stable market environment. This price point suggests that recent transaction activity is maintaining a level of consistency, despite the broader economic factors at play. The market appears to be balancing out, as evidenced by the neutral market temperature and flat year-over-year price trend, which may indicate a period of adjustment for both buyers and sellers in this region.

Inventory conditions are characterized by elevated inventory levels, with a notable 156 days on the market for sold properties. This extended time frame suggests a slower sales velocity, potentially leading to pricing friction as sellers adjust their expectations. With a median listing price of $275,000, the gap between listing and sold prices is minimal, reflecting a relatively stable market dynamic. However, the presence of excess supply relative to sales activity may necessitate strategic pricing adjustments for sellers moving forward.

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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 Houston TX 77089 around 5.75% are lower than the January 2026 average of 6.18%, presenting a favorable refinancing 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 $278,480.50 indicates a stable market, with recent transactions reflecting consistent buyer interest.

2. With 156 days on market, properties are experiencing slower sales velocity, suggesting a need for sellers to be mindful of pricing strategies.

3. The median listing price of $275,000 is closely aligned with the sold price, indicating minimal pricing friction in the current market.

4. Inventory levels are elevated, creating an environment of excess supply relative to sales activity, which may affect future pricing dynamics.

5. The market temperature remains neutral, suggesting a balanced environment where both buyers and sellers may find opportunities.

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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.