Is 77016, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77016 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 77016 has remained a Seller's Market.

Key Takeaway

77016 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77016, TX cost?

Median Sold Price

$163,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$13,750(+9.2%)

Key Takeaway

Homes in 77016 have sold for 9.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $42K$110K
+161.9%
2 $78.5K$85K
+8.3%
3 $148K$162.2K
+9.6%
4 $177.5K$178.5K
0.5%
5+ $174K$223K
+28.2%

Median Sold Price Compared To Nearby Zip Codes

77028
+29.2%
77050
+13.1%
77016
+9.2%
77078
+1.4%

How many homes are available in 77016, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
6857-16.2%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 44
0.0%
3 4134
-17.1%
4 1514
-6.7%
5+ 85
-37.5%

Number of Homes Sold

Sep 2021Oct 2021%
1710-41.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77016, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Oct 2020Oct 2021%
17 Days15 Days-16.4%

Breakdown of Home Sale Times

8 Homes Were 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

Many homes in 77016 are selling fast, if you're buying plan to act quickly.

About 77016, TX

Number of homes for sale in 77016, TX real estate market have reached 57. The number of listings in 77016, TX decreased by 16.2% between September 2021 and October 2021. In October 2021, listings were on the market for 15 days. During the same period, the median list price in this real estate market was $163,000. From September 2021 through October 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 161.9%, prices of 2 bedrooms properties increased by 8.3%, prices of 3 bedrooms properties went up by 9.6%, prices of 4 bedrooms properties increased by 0.5%, the cost of 5 bedrooms properties went up by 28.2%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went down by 17.1%, volume of 4 bedrooms homes went down by 6.7%, volume of 5 bedrooms homes went down by 37.5%. In October 2021, from all listings sold in 77016, TX there were more than 3 sold above asking price, over 2 sold below and more than 5 were sold right at the asked price.