Houston ZIP 77005 Market Report - Prices and Inventory
In ZIP code 77005 — one of Houston's higher-end residential areas — the median sold price over the trailing 12 months is $1,697,500, with active inventory at 73 homes and a median of just 13 days on market for closed sales. For buyers and sellers navigating this price point, the numbers paint a specific and useful picture.
The data here covers ZIP code 77005 in Houston, TX, pulling from active listings and closed sales tracked through the MLS. This is a luxury-leaning market, and the figures reflect that — both in price and in how quickly the right home can move.
What stands out most is the gap between speed and volume: homes that sell tend to sell quickly, yet only a handful close in any given month.
Prices in 77005
The numbers at a glance:
- ·Median list price (active): $1,550,000 — the midpoint of what sellers are currently asking
- ·Average list price (active): roughly $1,936,000 — pulled upward by higher-priced listings
- ·Median sold price (trailing 12 months): $1,697,500
- ·Average sold price (trailing 12 months): roughly $1,778,000
The median sold price sitting above the median list price is worth noting. This does not necessarily mean homes sold for over asking — the active inventory and sold inventory are separate pools, and mix differences between what listed and what closed can account for the gap. No sale-to-list ratio was available for this dataset.
Inventory and new listings
- ·Active listings: 73 homes currently on the market
- ·New listings in the last 30 days: 27
- ·Closed sales in the last 30 days: 2
- ·Closed sales, trailing 12 months: 264
With 73 active listings and only 2 closings in the most recent 30-day window, the month's transaction pace is slow relative to what's available. The trailing 12-month total of 264 closed sales — averaging roughly 22 per month — suggests this month's 2 closings may reflect normal short-period volatility rather than a structural shift, though one month of data alone can't confirm direction.
Days on market in 77005
- ·Median days on market (sold, 12 months): 13 days
- ·Average days on market (sold, 12 months): 38 days
The wide spread between the median and average — 13 days versus 38 — suggests a two-speed market. A meaningful portion of homes go under contract quickly, pulling the median down, while a longer tail of listings sits on the market and pulls the average up. For buyers, this likely means well-priced, well-positioned homes can attract offers fast, while overpriced or more niche properties may linger.
What it means for buyers
With 73 active listings available, buyers have a reasonable selection to work through at this price point. That said, the 13-day median days on market is a signal worth taking seriously: homes that connect with buyers here tend to do so quickly. For buyers this suggests having financing in order and a clear sense of priorities before beginning serious tours, rather than planning to deliberate for weeks after finding a home.
The average days on market of 38 also indicates there is inventory that has not moved — which may represent negotiating opportunity on specific properties, though the reasons any individual home sits longer vary and aren't captured in aggregate data alone.
What it means for sellers
A median sold price of $1,697,500 over the trailing 12 months provides a meaningful anchor for pricing conversations, but the spread between the median and average sold price (roughly $1,778,000) reflects how varied outcomes can be at this tier. With 27 new listings entering the market in just the last 30 days against only 2 closings in that same window, sellers may want to consider that near-term competition is active.
The homes that do close tend to close at pace — which this data suggests is tied to pricing and presentation rather than a broad market tailwind.
Context and caveats
All figures are drawn from ZIP code 77005, Houston, TX via MLS data. Sold price, days on market, and closed-sale counts reflect the trailing 12 months for closed transactions; active listing figures reflect current status at time of query. The 2 closings reported for the last 30 days represent a very short window and should be interpreted with caution — monthly closed-sale counts can fluctuate significantly and may not reflect typical activity.
If you're buying or selling in 77005 and want to see how these numbers apply to a specific property or search, reach out for a tailored market consultation — no pressure, just the data that's relevant to your situation.