Is Houston, TX 77098 a buyer’s or seller’s market?
Houston is a balanced market. With about 5.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 4% of U.S. ZIP codes, and #772 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, 5% of homes in Houston, TX 77098 sold above their list price, the typical home went under contract in 71 days and there were 5.1 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 44 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 2%, homes sold more slowly (40 days then) and the median sale price rose 11% to $804,652. Overall, Houston is less competitive than a year ago, which gives buyers more room.
Within Harris County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in 90%. On our competition score, Houston ranks #772 of 868 TX ZIP codes with enough sales (score 11 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.
Run the numbers for 77098
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 balanced market: there were 5.1 months of supply in Houston, TX 77098 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 71 days in the latest three months.
Do homes in Houston sell over asking?
5% of homes sold above their original list price, and the typical sale closed at 95.0% 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 $804,652 in the three months ending August 31, 2026, about $293 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