Is Houston, TX 77227 a buyer’s or seller’s market?
Houston is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Houston housing market right now
In the three months ending August 31, 2026, 0% of homes in Houston, TX 77227 sold above their list price, the typical home went under contract in 4 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
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Questions about Houston real estate
Is Houston a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Houston, TX 77227 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 4 days in the latest three months.
Do homes in Houston sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.
What is the median home price in Houston?
The median sale price was $1,584,314 in the three months ending August 31, 2026, about $360 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