Houston ZIP 77005 - 1 Active Listing 2175K Median Sold and a 1-5M Price Gap
In ZIP code 77005, Houston, there is exactly one home listed for sale at $3,699,000, while the median sold price over the last 12 months was $2,175,000 - a gap of roughly $1,524,000 that tells buyers and sellers very different stories.
The state of play
ZIP code 77005 has one active listing right now, and the trailing 12-month sales pace runs about two closings per month. That math puts months of supply at 0.6 - well below the three-to-six months that typically signals a balanced market, which suggests sellers hold the structural advantage here. Twenty-seven homes closed over the past year, so there is a real transaction record to draw from, but with zero new listings added in the last 30 days and only one home available today, buyers searching in this ZIP are working with almost no options.
At about 0.6 months of supply, Houston sits in a seller's market territory.
Source: Houston MLS · Houston · active inventory vs. trailing-12-month sales pace
One listing, a $1,524,000 gap between asking and median sold, and only 26 percent of deals closing at or above list - 77005 rewards preparation more than optimism.
What prices are actually doing
The single active listing is priced at $3,699,000. Over the last 12 months, the median sold price in 77005 was $2,175,000 - meaning the current asking price sits roughly $1,524,000 above where homes have actually been closing. That gap does not mean buyers are overpaying; it more likely reflects the specific home on the market today sitting at the higher end of the price range. The cleaner signal is the at-or-above-asking rate: only about 26 percent of closed sales in the past year came in at or above list price. That means roughly three out of four deals closed below the original asking price, which points to real negotiating room once a buyer gets to the table. Days on market averaged about 70 days on sold homes over the trailing 12 months, though the median was just 9 days - a spread that wide usually means a handful of slower-moving homes are pulling the average up while most well-priced listings move quickly.
- Median list price: $3,699,000
- Median sold price, last 12 months: $2,150,000
- Closing at or above asking: 26%
Active listings carry a median of $3,699,000; homes have closed at a median of $2,150,000 over the last year — a $1,549,000 gap worth understanding before you price or offer.
Source: Houston MLS · Houston · active inventory vs. trailing-12-month closings
About 26% of recent Houston sales closed at or above the asking price — your read on how much room there is to negotiate.
Source: Houston MLS · Houston · last 12 months
What this means if you're moving this year
For buyers, the practical picture is straightforward but narrow: there is one home to consider in 77005 right now, priced at $3,699,000. If that price point fits, the broader sales data suggests you can open below asking with reasonable confidence - 74 percent of closings over the past year landed under list. The wide range between the 9-day median and the 70-day average also hints that homes priced accurately go fast, while those priced optimistically sit. Knowing which category the current listing falls into is the most important question to answer before making a move. For sellers, the 0.6 months of supply is genuinely favorable - scarcity of inventory is on your side. But the 26 percent at-or-above-ask rate is a check on expectations. Even in a low-supply environment, 77005 buyers are not routinely paying full price. Sellers who price close to where the last 27 deals actually closed - centered around $2,175,000 at the median - will likely see faster movement and stronger offers than those pricing to the current active list.
On the market right now
A few homes that just came up in Houston, pulled live from the MLS as you read this.
