Houston ZIP 77005 Luxury Market Report - Prices and Inventory

In ZIP code 77005, Houston, the median sold price over the trailing 12 months is $1,697,500, with an average of just 13 days on market (median) for sold homes. Active inventory sits at 73 listings, with 27 new listings added in the last 30 days — giving buyers meaningful selection in this upper-tier segment.

If you are watching the luxury end of the Houston real estate market, ZIP code 77005 offers a clear, data-grounded snapshot. The numbers below come directly from active and closed MLS data for this ZIP, split correctly so that list-price and sold-price figures are never mixed.

This is a market where homes that do sell tend to move relatively quickly, but the ratio of active inventory to recent closings tells a more nuanced story worth understanding before you make a move.

Current inventory and new listings

• ·73 active listings are on the market right now in 77005
• ·27 new listings came to market in the last 30 days
• ·2 closed sales occurred in the last 30 days
• ·264 closed sales over the trailing 12 months — roughly 22 per month on average

That gap between 27 new listings and only 2 closings in a single month suggests that supply is accumulating faster than it is being absorbed in the near term. With 73 active listings and a trailing monthly pace of roughly 22 sales, this segment likely carries several months of supply — which may give buyers more room to negotiate than headline days-on-market figures alone imply.

List prices and sold prices in 77005

The pricing picture in 77005 reflects a true luxury segment:

• ·Median list price: $1,550,000 (average list price: about $1,936,000)
• ·Median sold price (trailing 12 months): $1,697,500 (average sold price: about $1,778,000)
• ·The spread between average list and average sold prices suggests the active pool skews toward higher-priced listings, while a broader range of homes actually closes

The median sold price of roughly $1.7 million serves as the clearest benchmark for what buyers in this ZIP are actually paying.

Days on market in 77005

• ·Median days on market (sold, trailing 12 months): 13 days
• ·Average days on market (sold, trailing 12 months): 38 days

The wide gap between the median (13 days) and the average (38 days) is meaningful. It suggests that a portion of homes that do sell move very quickly, while others sit considerably longer before finding a buyer — pulling the average up. For anyone pricing a home in this ZIP, that asymmetry is worth factoring in.

What it means for buyers

With 73 active listings and a relatively modest pace of recent closings, buyers in 77005 likely have genuine selection right now. The data does not supply a prior-period comparison, so a directional trend cannot be stated — but the current inventory-to-sales ratio suggests this is not a segment where every listing disappears overnight. The median days on market of 13 days does indicate that well-priced homes can move quickly, so buyers who find the right fit may still want to be prepared to act.

The median sold price of $1,697,500 and an average closer to $1,778,000 set realistic expectations for what homes in this ZIP are actually trading at.

What it means for sellers

The average days on market of 38 days — meaningfully higher than the 13-day median — is a signal worth taking seriously. It suggests that homes not positioned sharply on price or condition can sit. Sellers may want to consider that the active pool carries 73 listings competing for buyers who closed at a pace of roughly 22 transactions per month over the trailing year, and only 2 in the most recent 30 days.

Pricing relative to the $1,697,500 median sold benchmark, rather than to the higher average list prices in the active pool, is likely the more effective anchor.

Context and caveats

All figures are drawn from MLS data scoped to ZIP code 77005, Houston, TX. Sold-price, days-on-market, and related figures reflect the trailing 12 months of closed transactions; list-price and inventory figures reflect the active market. The 30-day closed sales count (2 transactions) is a short window and should be read alongside the 12-month figure (264 sales) for proper context. No prior-period data was available for this report, so no directional trend is asserted.

If you want a closer look at how your specific home or search criteria fits within these numbers, reach out for a tailored 77005 market analysis built around your situation.