Is Houston, TX 77008 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Houston is a seller’s market. With about 3.5 months of supply and 10% 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.

Competition score36/ 100

More competitive than 34% of U.S. ZIP codes, and #202 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

Months of supply3.5Under 4 months = seller’s market
Sold above original list10.4%Share of sales, last 3 months
Median sale-to-list97.7%Sold price ÷ list price
Median days on market37Listing to accepted offer
Median price per sq ft$296▼ −1.6% vs. last year

The Houston housing market right now

In the three months ending August 31, 2026, 10% of homes in Houston, TX 77008 sold above their list price, the typical home went under contract in 37 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 258 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 16%, homes sold more slowly (31 days then) and the median sale price rose 8% to $649,719. Overall, Houston is less competitive than a year ago, which gives buyers more room.

Within Harris County, homes here sell faster than in 70% of the county’s ZIP codes, and sell less often over asking than in 66%. On our competition score, Houston ranks #202 of 868 TX ZIP codes with enough sales (score 36 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), while Houston 77005 (31% sold over asking) and Webster 77598 (29% sold over asking) are even more competitive.

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 →

Where Houston is

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Questions about Houston real estate

Is Houston a buyer’s or seller’s market?

A seller’s market: there were 3.5 months of supply in Houston, TX 77008 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 37 days in the latest three months.

Do homes in Houston sell over asking?

10% of homes sold above their original list price, and the typical sale closed at 97.7% 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 $649,719 in the three months ending August 31, 2026, about $296 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