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

Since last month, 77011 has remained a Buyer's Market.

Key Takeaway

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

How much do homes in 77011, TX cost?

Median Sold Price

$310,000

$141/sqft

Based on all homes sold in October 2022.

Difference Since Last Month

-$60,000(-16.2%)

Key Takeaway

Homes in 77011 have sold for 16.2% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 $380K$310K
-18.4%
2 --
N/A
3 $582.5K$385K
-33.9%
4 $225K-
N/A
5+ --
N/A

How many homes are available in 77011, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
42420.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 97
-22.2%
2 811
+37.5%
3 1918
-5.3%
4 33
0.0%
5+ 33
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
53-40.0%

Asking Price vs. Sold Price

3 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.

Average Sale Time

Sep 2022Oct 2022%
6 Days30 Days+411.1%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77011 has remained consistent over time.

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

About 77011, TX

Homes for sale in 77011, TX have reached 42. While the average time on the market in October 2022 was 30 days, the median list price was $310,000. Listing prices have changed in this real estate market between October 2021 and October 2022: 1 bedroom properties prices decreased by 18.4%, prices of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties went down by 33.9%, the cost of 4 bedrooms properties went up by 0%, the cost of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 22.2%, number of 2 bedrooms homes increased by 37.5%, 3 bedrooms homes inventory decreased by 5.3%, 4 bedrooms homes inventory did not change, volume of 5 bedrooms homes stayed the same. While more than 0 listings in 77011, TX in October 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below.