Is Houston, TX 77005 a buyer’s or seller’s market?
Houston is a seller’s market. With about 2.1 months of supply and 31% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 81% of U.S. ZIP codes, and #2 of 868 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Houston housing market right now
In the three months ending August 31, 2026, 31% of homes in Houston, TX 77005 sold above their list price, the typical home went under contract in 12 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 82 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (30% then), homes sold faster (15 days then) and the median sale price fell 2% to $1,670,290. Overall, Houston is about as competitive as it was a year ago.
Within Harris County, homes here sell faster, and more often over asking, than in any other ZIP code in the county. On our competition score, Houston ranks #2 of 868 TX ZIP codes with enough sales (score 76 out of 100).
Nearby, buyers who want less competition could look at Houston 77081 (0% sold over asking) or Houston 77076 (0% sold over asking).
Run the numbers for 77005
Nearby markets
Baytown 77520Buyer’s market $125 /sq ftBaytown 77521Balanced $139 /sq ftBellaire 77401Seller’s market $323 /sq ftChannelview 77530Balanced $148 /sq ft Browse all markets →Towns like Houston nearby
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Questions about Houston real estate
Is Houston a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Houston, TX 77005 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Houston?
The typical home went under contract in 12 days in the latest three months.
Do homes in Houston sell over asking?
31% of homes sold above their original list price, and the typical sale closed at 100.1% of the list price.
What are property taxes in Houston?
About 1.62% of a home’s value a year in Harris County, or roughly $6,480 on a $400,000 home.
What is the median home price in Houston?
The median sale price was $1,670,290 in the three months ending August 31, 2026, about $525 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology