Houston, TX 77089 Real Estate Market Report

ZIP Code: 77089
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

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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 77089 area are averaging 6.4%, reflecting a stable market environment compared to the 6.2% average observed earlier in 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. The neighborhood's primary transaction benchmark is the median sold price 257,000, which reflects recent realized value and should be the focal point for pricing and offer strategies; representative recent sale suggests overall price stability in the context of available data.

2. Seller expectations appear elevated relative to transactions: the median listing price 277,000 versus the median sold price 257,000 indicates potential pricing friction that may require sellers to adjust or buyers to make competitive offers; moderate listing pressure appears present.

3. Liquidity is slower than typical market turnover: the median days on market 202 points to slower sales velocity and, combined with elevated inventory relative to sales in the analyzed sample, may indicate increased buyer negotiating leverage; slower sales velocity.

4. Market signals are mixed but broadly stable: price year-over-year trend is up, market temperature is neutral, and interest rate pressure is moderate; median market rent 2,000 with rent year-over-year trend up suggests rental demand remains supportive for landlord strategy considerations.

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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.