34 Homes Closed This Week, But Only Two Zip Codes Show What They Sold For

In the week of August 24, 2026, 77007 and 77008 supplied every disclosed sale price in the territory, while 77005 and 77006 closed homes with no price attached at all.

This is a buyer's market. With 1,277 homes active against 34 closings this week, the territory is carrying 35.1 months of supply, and the deals that did report a price closed at 95.9% of what sellers were asking. That's the state of things.

The more interesting story this week is what the MLS won't show you.

Thirty-four homes closed across 77005, 77006, 77007 and 77008. Two of those four zip codes contributed nothing to what the data shows for price. 77005 closed 3 homes. 77006 closed 2. Neither zip carries a single disclosed sale price for the window.

That leaves 77007 and 77008 to do all the talking. 77007 closed 11 homes at a median $579,500. 77008 closed 18 at a median $556,978. Those two zips are the entire reason the territory has a median to report at all: $620,000, with sellers closing at 95.9% of list.

Here's the problem with taking that $620,000 figure at face value. 77005 carries a median list price of $1,850,000. 77006 lists at a median $730,000. Both sit well above 77007 and 77008, where the median list prices run $539,900 and $595,000. A territory median built entirely out of the two cheaper zips isn't describing the top of this market. It's describing everything except it.

You can still see activity in 77005 and 77006, just not through closed prices. Sellers are cutting instead. In 77005, 6348 Vanderbilt St came down $145,000 to $2,750,000 after 102 days on market. In 77006, 2615 Yupon St dropped $100,000 to $2,500,000, also after 102 days, and 404 Avondale St cut $51,500 to $1,697,500 after 31 days. Those are list-side moves, the only signal available where sale prices stay private. Across the whole territory, 67 price cuts landed this week against 117 new listings and 34 closings, a lot of adjustment for a week that produced comparatively few finished deals.

The territory's typical home is sitting 31 days on market at a median $287.66 a square foot, but neither figure tells you anything specific about 77005 or 77006. Those two zips simply didn't produce a disclosed sale this week to measure.

If you're buying, the room to negotiate is real, and it's most visible exactly where sellers are already cutting. With 35.1 months of supply territory-wide, nothing in this week's numbers argues for urgency. Ask for the disclosed comps before you anchor to the territory median, and in 77005 or 77006 this week, know there aren't any.

If you're selling, 67 price cuts across the territory is a lot of sellers finding out their opening number was wrong. In 77007 and 77008, where sale prices are visible, homes still closed under asking, at 95.9% of list. Price to what the market actually paid, not to what the territory median implies, especially in 77005 or 77006 where there's no disclosed comp behind you this week.

What to watch: whether 77005 and 77006 start showing disclosed sale prices in the coming weeks. Until they do, every territory-wide figure, the $620,000 median included, is really a story about 77007 and 77008 wearing the whole territory's name.