Market Intelligence · TX / Houston

Houston, TX 77023 Housing Market

In Houston, TX 77023, the typical home value is $241,635, down 5.1% over the past year. Homes are listing near $353,750 and remaining on the market for a median of 53 days.

Updated September 2026Median value$242K

The median home value in Houston, TX 77023 is $242K as of September 2026, down 5.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 77023 range

$222K to $261K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-5.1% over 12 months

Sep 2025$255K

Low $242KHigh $255K

Sep 2026$242K

The numbers

What is the 77023 housing market like?

As of September 2026

Typical home value

$242K

5.1%YoY

Median list price

$354K

1.1%MoM

Days on market

12.8%MoM

Homes for sale

2.3%MoM

Price cuts

22.1%

5.2%MoM

New listings

50.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

77023 housing market forecast 2027

-0.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 77023 to stay roughly flat by September 2027 (down 0.3%).

Over the 12 months through September 2026, typical home values in 77023 fell 5.1%, per the Zillow Home Value Index.

Will home prices drop in 77023?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 77023 to stay roughly flat by September 2027 (down 0.3%), after a 5.1% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 77023 home prices compare?

77023$241,635
Houston$247,856
Texas$258,447
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Houston: 95 ZIPs; Texas: 1,512 ZIPs; United States: 26,262 ZIPs).

Context

The Houston market in 77023 is showing moderating conditions. There are 84 homes for sale as of September 2026, with 8 new listings added recently. Nearly one in five listings, specifically 22.1%, have seen a price reduction. The 53-day median time on market suggests buyers have options and are taking their time. If you're thinking about selling, understand that you'll be entering a market where sellers are adjusting their expectations.

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Down payment20% · $48,327

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Common questions

What people ask us.

What is the typical home value in 77023?

The typical home value in 77023 is $241,635, down 5.1% over the past year.

How long do homes stay on the market in this ZIP?

Homes in 77023 have a median days on market of 53 as of September 2026.

What share of homes have had their price reduced?

22.1% of listings in 77023 have had a price cut as of September 2026.

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