ZIP 77005 Houston Luxury Market - 1 Listing 2150K Median Sold

ZIP 77005 is operating with a single active listing on the market, producing roughly 0.6 months of supply - a figure that firmly places this segment in seller's-market territory by conventional measures. The trailing sales pace runs at about two closings per month over the last 12 months, meaning that one available home represents less than two weeks of absorption at the current pace. That razor-thin inventory gives a listed seller a structural advantage in the sense that competing options are essentially absent, though the data on where prices actually close complicates any simple leverage story. Buyers entering this ZIP have very little to choose from, which suggests serious preparation and pre-qualification matter more here than in markets with deeper active supply.

The active listing is priced at $3,699,000, but the median sold price over the trailing 12 months is $2,150,000 - a list-to-sold gap of roughly $1,549,000. That spread is not a negotiation discount on a single deal; it reflects the difference between what sellers are asking today and where the broader pool of 27 closed transactions over the past year actually landed. Only about 26 percent of those closed sales went at or above their asking price, meaning roughly three in four sellers accepted something below list. Days on market tell an interesting two-part story: the average is about 70 days, but the median is just 9 days, which suggests a small number of homes that lingered well beyond a typical timeline are pulling the average up sharply. Homes that priced accurately moved very quickly; those that did not sat considerably longer and likely required price reductions before closing.

For buyers, the near-zero inventory in 77005 means patience and readiness are the practical strategy. With one home available and a pace of about two sales per month, new listings do not stay theoretical for long when they are priced near market. The 26 percent at-or-above-ask rate and the 9-day median days on market on closed sales both suggest that well-priced properties attract prompt, competitive attention - so arriving with financing squared away is not optional. The $1,549,000 gap between the current list price and the 12-month median sold price is worth discussing carefully with an agent who knows this ZIP, because it raises legitimate questions about where a negotiated outcome might land relative to comparable closed data. For sellers, the supply picture is genuinely favorable in structural terms, but the closed-sale record counsels pricing discipline. The same data showing 0.6 months of supply also shows that 74 percent of closings over the past year settled below asking, and that a subset of homes averaged 70 days to close. Pricing at or near where comparable sales actually transacted - rather than at the aspirational end of the range - appears to be what separates the 9-day median outcome from the much longer tail. One well-priced listing in a near-empty market is a strong position; one overpriced listing in a near-empty market still sits.

A few homes that just came up in Houston, pulled live from the MLS as you read this.