Is 77005, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77005 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 77005 has remained a Seller's Market.

Key Takeaway

77005 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77005, TX cost?

Median Sold Price

$1,247,760

$381/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

-$44,240(-3.4%)

Key Takeaway

Homes in 77005 have sold for 3.4% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $139.5K$178.7K
+28.2%
2 $387.7K$342.6K
-11.6%
3 $831K$870.5K
+4.8%
4 $1.4M$1.4M
-1.6%
5+ $1.9M$1.9M
-5.0%

Median Sold Price Compared To Nearby Zip Codes

77027
+3.5%
77098
+2.9%
77005
-3.4%
77025
-3.5%
77030
-24.7%

How many homes are available in 77005, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
154146-5.2%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 55
0.0%
2 1820
+11.1%
3 3634
-5.6%
4 6660
-9.1%
5+ 2927
-6.9%

Number of Homes Sold

Oct 2021Nov 2021%
3730-18.9%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77005, you may be able to get a good deal. 76.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
66 Days41 Days-37.7%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77005 are selling fast, if you're buying plan to act quickly.

About 77005, TX

77005, TX has 146 homes on the market. The number of homes for sale in 77005, TX decreased by 5.2% between October 2021 and November 2021. While the average time on the market in November 2021 was 41 days, the median list price was $1,247,760. From October 2021 through November 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 28.2%, prices of 2 bedrooms properties went down by 11.6%, prices of 3 bedrooms properties increased by 4.8%, the cost of 4 bedrooms properties went down by 1.6%, 5 bedrooms properties became 5% more cheaper. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory increased by 11.1%, the quantity of 3 bedrooms homes went down by 5.6%, number of 4 bedrooms homes decreased by 9.1%, the quantity of 5 bedrooms homes went down by 6.9%. Over 2 listings were sold over their listed price in November 2021 in 77005, TX. In the same period over 23 listings were sold below the listed price and 5 listings were sold for the listed price.