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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77011 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 77011 was a Seller's Market.

Key Takeaway

77011 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 77011, TX cost?

Median Sold Price

$278,000

$177/sqft

Based on all homes sold in November 2021.

Difference Since Last Month

-$26,500(-8.7%)

Key Takeaway

Homes in 77011 have sold for 8.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Nov 2021%
1 $410K-
N/A
2 $254K-
N/A
3 $329K$278K
-15.5%
4 $294K-
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Zip Codes

77012
-6.1%
77011
-8.7%

How many homes are available in 77011, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
3431-8.8%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 43
-25.0%
2 910
+11.1%
3 1613
-18.8%
4 32
-33.3%
5+ 23
+50.0%

Number of Homes Sold

Oct 2021Nov 2021%
105-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was 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. 40% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Nov 2021%
13 Days21 Days+59.4%

Breakdown of Home Sale Times

4 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.

About 77011, TX

77011, TX has 31 homes on the market. The inventory of homes for sale in 77011, TX between October 2021 and November 2021 decreased by 8.8%. In November 2021, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $278,000. Listing prices have changed in this real estate market between November 2020 and November 2021: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went down by 15.5%, prices of 4 bedrooms properties increased by 0%, 5 bedrooms properties became 0% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went down by 25%, number of 2 bedrooms homes increased by 11.1%, the quantity of 3 bedrooms homes went down by 18.8%, the quantity of 4 bedrooms homes went down by 33.3%, 5 bedrooms homes became 50% more available. Over 1 listings were sold over their listed price in November 2021 in 77011, TX. In the same period over 2 listings were sold below the listed price and 2 listings were sold for the listed price.