Is Houston, TX 77031 a buyer’s or seller’s market?

The Houston housing market right now

In the three months ending August 31, 2026, 12% of homes in Houston, TX 77031 sold above their list price, the typical home went under contract in 41 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 27 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (20 days then) and the median sale price held steady to $267,259. Overall, Houston is more competitive than a year ago, so tougher for buyers.

Within Harris County, homes here sell faster than in 59% of the county’s ZIP codes, and sell less often over asking than in 59%. On our competition score, Houston ranks #143 of 868 TX ZIP codes with enough sales (score 40 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.