HomeMarketCap.com

ZIP 77024 Houston, TX Housing Market

77024Houston area

Price, Rent & Competition

$1,462,084

$1,823

44 index

225

Supply & Market Activity

55

43

29.58%

59 days

Area profile & market context

Population

38,288

Population density

1,140 / sq mi

Latest market movement

Home value (MoM)

+0.83%

Inventory (MoM)

-1.32%

Buyer competition (MoM)

-6.38%

New listings (MoM)

-9.84%

Homes Pending (MoM)

-8.51%

Price cuts share (MoM)

+4.85%

Typical rent (YoY)

+4.73%

How quickly homes are selling

Selling slower

Homes appear to be going under contract more slowly in this ZIP.

This summary combines homes going pending and sale speed (days to pending). Supporting ZIP and metro context is shown separately.

Sale-speed figures and broader market activity are shown separately. Missing sale-speed values are not estimated.

Sale-speed measures for this ZIP

  • Homes going pending

    Value: 43 · MoM: -8.51% · YoY: -18.87%

  • Sale speed (days to pending)

    Value: 59 · MoM: 1.72% · YoY: 1.72%

Other local market activity

  • New listings

    Value: 55 · MoM: -9.84% · YoY: -15.38%

  • Homes for sale

    Value: 225 · MoM: -1.32% · YoY: -8.54%

  • Buyer competition

    Value: 44 · MoM: -6.38% · YoY: -4.35%

  • Price cuts share

    Value: 29.58% · MoM: 4.85% · YoY: 5.39%

  • Home sales activity (metro)

    Value: 6,512 · MoM: -3.74% · YoY: 3.86%

ZIP 77024 covers residential neighborhoods in Houston, located within Harris County, TX, part of the broader Houston housing market. The typical home value in ZIP 77024 in the Houston housing market is $1,462,084, with a typical rent of $1,823 per month. That puts the local home-value-to-annual-rent ratio at 66.8.

Key stats

  • ZIP 77024 is around the 99th percentile of tracked local ZIPs for home value.
  • ZIP 77024 is around the 24th percentile of tracked local ZIPs for buyer competition.
  • The market-level home-value-to-annual-rent ratio is 66.8.
  • 78 homes went pending for every 100 new listings in the current reading.
  • Supply and buyer competition did not produce a clear easing or tightening split.
Typical home value
$1,462,084
Typical rent
$1,823
Homes for sale
225
Buyer competition
44
New listings
55
Homes going pending
43
Listings with price cuts
29.6%
Typical home value — past 12 months
Aug 25Jul 26
Up 9.0% over 12 months
Typical home value up 9.0% over the last 12 months in ZIP 77024.
Typical rent — past 12 months
Aug 25Jul 26
Up 2.6% over 12 months
Typical rent up 2.6% over the last 12 months in ZIP 77024.
Homes for sale — past 12 months
Aug 25Jul 26
Down 6.6% over 12 months
Homes for sale down 6.6% over the last 12 months in ZIP 77024.
New listings — past 12 months
Aug 25Jul 26
Down 6.8% over 12 months
New listings down 6.8% over the last 12 months in ZIP 77024.
Homes going pending — past 12 months
Aug 25Jul 26
Down 6.5% over 12 months
Homes going pending down 6.5% over the last 12 months in ZIP 77024.
Buyer competition index — past 12 months
Aug 25Jul 26
Down 4.3% over 12 months
Buyer competition index down 4.3% over the last 12 months in ZIP 77024.
Listings with price cuts — past 12 months
Aug 25Jul 26
Up 13.0% over 12 months
Listings with price cuts up 13.0% over the last 12 months in ZIP 77024.

Price and rent in ZIP 77024

ZIP 77024 is around the 99th percentile of tracked local ZIPs for home value. ZIP 77024 is around the 79th percentile of tracked local ZIPs for rent.

ZIP 77024 home value & rent trend (past 12 months)

Typical home value rose 9.0% over the past 12 months, from $1,341,778 to $1,462,084. It rose in 11 of 11 monthly readings. The largest monthly gain was +1.4% in December 2025.

Typical rent rose 2.6% over the past 12 months, from $1,777 to $1,823. It rose in 8 of 11 monthly readings. The largest monthly gain was +2.2% in September 2025.

How ZIP 77024 compares to the metro

ZIP 77024's typical home value is 478.7% above the metro median of $252,640. ZIP 77024's typical rent is 17.6% above the metro median of $1,550. ZIP 77024's buyer competition is 6.4% below the metro median of 47.

How fast homes sell in ZIP 77024

Homes in ZIP 77024 typically go pending in about 59 days — about 11% faster than the metro median of 66 days.

Supply, pending activity, and competition

ZIP 77024 is around the 86th percentile of tracked local ZIPs for for-sale inventory. ZIP 77024 is around the 24th percentile of tracked local ZIPs for buyer competition. 78 homes went pending for every 100 new listings in the current reading. Supply and buyer competition did not produce a clear easing or tightening split. Over the 12 readings on record, inventory moved between 191 and 241 — a 50-point spread across 96 comparable tracked ZIPs.

Nearby markets worth comparing

Relevant nearby ZIP pages include 77057, 77055, 77063, 77056.

Continue your market research

77024 Housing Market Overview FAQ

What is the typical home value in ZIP 77024?

The typical home value in ZIP 77024 is $1,462,084 in the latest monthly reading.

What is the typical rent in ZIP 77024?

Typical rent in ZIP 77024 is $1,823 per month.

What is the home-value-to-rent ratio in ZIP 77024?

ZIP 77024 has a home-value-to-annual-rent ratio of 66.8.

Sources and method

Explore ZIP Pages in Houston Metro