Is 77008, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77008 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 77008 has remained a Seller's Market.

Key Takeaway

77008 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77008, TX cost?

Median Sold Price

$494,342

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$38,176(+8.4%)

Key Takeaway

Homes in 77008 have sold for 8.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $440K$335K
-23.9%
2 $399.9K$395K
-1.2%
3 $440K$474.8K
+7.9%
4 $757.5K$802.5K
+5.9%
5+ $1.1M$1.2M
+16.1%

Median Sold Price Compared To Nearby Zip Codes

77022
+41.6%
77008
+8.4%
77018
+6.6%
77007
+3.4%
77009
+2.1%

How many homes are available in 77008, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
420425+1.2%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 64
-33.3%
2 6366
+4.8%
3 255260
+2.0%
4 8281
-1.2%
5+ 1414
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
10687-17.9%

Asking Price vs. Sold Price

59 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77008, you may be able to get a good deal. 67.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
38 Days28 Days-26.3%

Breakdown of Home Sale Times

52 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77008 are selling fast, if you're buying plan to act quickly.

About 77008, TX

Homes for sale in 77008, TX have reached 425. The inventory of homes for sale in 77008, TX between September 2021 and October 2021 increased by 1.2%. Listings spent 28 days on the market in October 2021, and had a median list price of $494,342 during the same period. Real estate listing prices changed between September 2021 and October 2021: prices of 1 bedroom properties went down by 23.9%, 2 bedrooms properties became 1.2% more cheaper, prices of 3 bedrooms properties increased by 7.9%, prices of 4 bedrooms properties went up by 5.9%, prices of 5 bedrooms properties went up by 16.1%. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 33.3%, number of 2 bedrooms homes increased by 4.8%, number of 3 bedrooms homes increased by 2%, the quantity of 4 bedrooms homes went down by 1.2%, volume of 5 bedrooms homes stayed the same. In October 2021 more than 10 listings in 77008, TX were sold above the asking price. During the same period more than 18 listings were sold at asking price, while more than 59 were sold below.