Is 77011, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77011 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 77011 was a Neutral Market.

Key Takeaway

77011 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77011, TX

How much do homes in 77011, TX cost?

Median Sold Price

$455,000

$220/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$103,250(+29.4%)

Key Takeaway

Homes in 77011 have sold for 29.4% more than they did a month ago.

Summary: The median home sold price in 77011 was $455,000 in February 2024, up 29.4% from last month, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $282.5K$380K
+34.5%
3 $351.7K$320K
-9.0%
4 --
N/A
5+ -$541.2K
N/A

Summary: 77011 housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.5%, 3 bedroom homes decreased by 9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 77011, TX

How many homes are available in 77011, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3948+23.1%

Summary: The 77011 real estate market had 48 homes for sale in February 2024, a 23.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 24
+100.0%
2 1110
-9.1%
3 2327
+17.4%
4 03
+100.0%
5+ 34
+33.3%

Summary: The 77011 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77011, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 77011 in February 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 77011, TX

How long does it take to sell a home in 77011, TX?

Average Sale Time

Jan 2024Feb 2024CHANGE
82 Days26 Days-67.7%

Summary: Homes in 77011 had an average of 26 days on market in Feb 2024, down by 67.7% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77011 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 4 homes were sold in 77011; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 77011, TX

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