Is Houston, TX 77048 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 77048 sold above their list price, the typical home went under contract in 55 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 78 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 6%, homes sold more slowly (52 days then) and the median sale price fell 4% to $256,389. Overall, Houston is more competitive than a year ago, so tougher for buyers.

Within Harris County, homes here sell more slowly than in 73% of the county’s ZIP codes, and sell less often over asking than in 52%. On our competition score, Houston ranks #259 of 868 TX ZIP codes with enough sales (score 32 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.