Is South Houston, TX 77587 a buyer’s or seller’s market?

The South Houston housing market right now

In the three months ending August 31, 2026, 10% of homes in South Houston, TX 77587 sold above their list price, the typical home went under contract in 81 days and there were 5.8 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 10 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (24 days then) and the median sale price rose 9% to $249,842. Overall, South Houston is less competitive than a year ago, which gives buyers more room.

Within Harris County, homes here sell more slowly than in 93% of the county’s ZIP codes, and sell less often over asking than in 68%.

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.