Across 97 measured ZIP markets in Harris County, the median ZIP home value is $252,715 and the median ZIP rent is $1,550. 29.9% of measured ZIP markets show softer conditions. 47.4% of measured ZIP markets show rising price-cut pressure.
Key stats
- 29.9% of measured ZIP markets show softer conditions.
- 47.4% of measured ZIP markets show rising price-cut pressure.
- The middle ZIP home value is -61.3% versus the tracked-market benchmark.
- Month over month, the median ZIP market moved +0.9% on inventory and -2.1% on buyer competition.
- The middle ZIP rent is -36.3% versus the tracked-market benchmark.
- Measured ZIP markets
- 97
- Median ZIP home value
- $252,715
- Median ZIP rent
- $1,550
- Median buyer competition
- 47
Price and rent across local markets
The middle ZIP home value is -61.3% versus the tracked-market benchmark. The middle ZIP rent is -36.3% versus the tracked-market benchmark. The middle half of tracked ZIP home values runs from $201,896 to $337,817. The middle half of tracked ZIP rents runs from $1,364 to $1,787. Buyer competition across local ZIP markets runs from 45 at the 25th percentile to 52 at the 75th.
How broadly conditions are changing
29.9% of measured ZIP markets show softer conditions. 47.4% of measured ZIP markets show rising price-cut pressure. 5.2% of measured ZIP markets show a recent inventory spike. Month over month, the median ZIP market moved +0.9% on inventory and -2.1% on buyer competition. 11.3% of measured ZIP markets show accelerating new-listing supply. 9.3% of measured ZIP markets show accelerating pending demand. The share of softening ZIP markets here is -1.2% versus the tracked-market benchmark.
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Sources and method
- HomeMarketCap.com data sources: local housing-market datasets
- HomeMarketCap.com methodology: regional aggregation rules