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Houston Metro

Houston Metro Market Report

Top 10 ZIPs by size — 7.32% mortgage rate — Updated 10/27/2026

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Listings Flow Ladder — Houston

Faucet, basin and drain — new listings in, active inventory, closed sales out.as of Sep 30, 2026

the basin is fillingnet 3,305 listings/mo
balanced 4–6 mo5.2 mo
Faucet — new listings
10,743/mo
113% of normal (9,514) · gushing
Basin — active listings
38,862
145% of normal (26,821) · balanced
Months of supply
5.2 mo
derived — not published at this grain
Drain — closed sales
7,438/mo
96% of normal (7,777)
Net — faucet minus drain
+3,305/mo
filling
Reading
current
as of 2026-09-30
Compare against:
2015-01-01 to 2019-12-31 · 5 same-month points

How plugged is the drain? Two definitions, both ours, deliberately not reconciled.

  • 36%Absorption vs its own normal— 1 - (closed sales / active listings) / same-month median of that ratio
  • 4%Closed sales vs its own normal— 1 - closed sales per month / same-month median closed sales per month

Closed sales over 24 months — two different numbers, deliberately not merged.

  • 1,072/mofall in the monthly rate (13%)— peak 8,510/mo (2025-07-31) to 7,438/mo now
  • 586transactions that did not happen— summed monthly shortfall vs the same-month normal, over 4 months below it (vs 2015-19 (COVID excluded))
  • rate_drop_from_peak is a change in the monthly rate; cumulative_shortfall_vs_normal counts transactions not transacted. They are different quantities and are not interchangeable.
2026-09-30

Redfin market data (county + ZIP), via Lotvox. As of 2026-09-30. Normal = same-month median of monthly rates, minimum 3 same-month points. Source window 3 months (flows shown per month). Aggregated over a fixed panel of 202 zips — the panel is fixed so a change in who reports cannot look like a change in the market. months_of_supply is not published at this grain (0 non-null rows measured); derived here as active listings / closed sales per month.

Verified county coverage:Harris County, TXMontgomery County, TX

Tracked ZIPs
10
Avg Score
64
Avg Median
$328,806
Market
Balanced
Avg Composite
64/100
Avg Median Price
$328,806
Avg Rent
$1,828/mo
Avg Burden
20.4%of income

New Listings Trend

Monthly new for-sale listings · Redfin + Realtor.com · Houston, TX

as of Sep 1, 2026
↑ 12.3% YoY
Long-run avgAug 24Nov 24Feb 25May 25Aug 25Nov 25Feb 26May 26Aug 2609k18k27k36k

Buyer Leverage — Should I Buy in Houston?

46
Avg Buyer Score
227 ZIPs analyzed
Strong Buyer
7
Moderate
32
Balanced
103
Seller Favored
85
Strong Seller
0
Best for Buyers
77368100
77554Galveston92
7741092
7726688
7748586
Most Competitive
77093Houston24
77085Houston24
77502Pasadena25
77087Houston26
77045Houston26

BALANCED — Houston roughly fair, negotiate on a per-ZIP basis

77433
Cypress, harris county
57
Median Price
$422,856
YoY
-1.2%
Payment Burden
20.3%
Buy vs Rent
Neutral
Days on Market
56
Supply
4.8 mo
Rent
$1,964
Val. Gap
-56.9%
77449
Katy, harris county
70
Median Price
$264,942
YoY
-2.8%
Payment Burden
20.3%
Buy vs Rent
Buy
Days on Market
45
Supply
4.5 mo
Rent
$1,809
Val. Gap
-1.6%
77429
Cypress, harris county
56
Median Price
$373,727
YoY
-1.2%
Payment Burden
20.9%
Buy vs Rent
Neutral
Days on Market
45
Supply
4.4 mo
Rent
$1,862
Val. Gap
+54.2%
77493
Katy, harris county
52
Median Price
$335,766
YoY
-3.9%
Payment Burden
19.5%
Buy vs Rent
Buy
Days on Market
68
Supply
5.8 mo
Rent
$2,197
Val. Gap
-16.4%
77084
Houston, harris county
66
Median Price
$261,493
YoY
-2.8%
Payment Burden
22.6%
Buy vs Rent
Buy
Days on Market
45
Supply
4.8 mo
Rent
$1,526
Val. Gap
+7.4%
77379
Spring, harris county
66
Median Price
$360,401
YoY
-0.3%
Payment Burden
21.5%
Buy vs Rent
Neutral
Days on Market
43
Supply
4.3 mo
Rent
$1,560
Val. Gap
-14.8%
77346
Atascocita, harris county
63
Median Price
$307,801
YoY
-1.5%
Payment Burden
17.4%
Buy vs Rent
Buy
Days on Market
49
Supply
4.3 mo
Rent
$1,814
Val. Gap
-23.7%
77375
Tomball, harris county
66
Median Price
$355,110
YoY
-0.8%
Payment Burden
24.4%
Buy vs Rent
Neutral
Days on Market
46
Supply
4.7 mo
Rent
$1,679
Val. Gap
+9.9%
77373
Spring, harris county
71
Median Price
$238,312
YoY
-2.8%
Payment Burden
18.1%
Buy vs Rent
Buy
Days on Market
60
Supply
5 mo
Rent
$1,767
Val. Gap
-4.3%
77386
Spring, montgomery county
71
Median Price
$367,655
YoY
-0.9%
Payment Burden
18.6%
Buy vs Rent
Buy
Days on Market
54
Supply
3.9 mo
Rent
$2,105
Val. Gap
+4.7%

Median price and 12-month change: Zillow Home Value Index (ZHVI); where a ZIP has no ZHVI value, the county assessor average. Days on market: Redfin Data Center, rolling 90 days; months of supply: Redfin Data Center. Rent: Zillow Observed Rent Index (ZORI); where a ZIP has no ZORI value, the Census ACS county rent.

Compare Top 3 ZIPs

Every ZIP market page in Houston Metro (162)

Harris County, TX

Montgomery County, TX