Is 77018, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77018 is a neutral's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 77018 was a Seller's Market.

Key Takeaway

77018 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 77018, TX cost?

Median Sold Price

$494,428

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$44,428(+9.9%)

Key Takeaway

Homes in 77018 have sold for 9.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$367K
N/A
2 $364.2K$385K
+5.7%
3 $406.1K$446.5K
+9.9%
4 $879.9K$899.4K
+2.2%
5+ $1.0M$1.1M
+6.6%

Median Sold Price Compared To Nearby Zip Codes

77091
+22.2%
77018
+9.9%
77008
+9.9%
77022
+5.0%
77092
+2.4%

How many homes are available in 77018, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
214246+15.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 22
0.0%
2 1519
+26.7%
3 117135
+15.4%
4 5562
+12.7%
5+ 2528
+12.0%

Number of Homes Sold

Sep 2022Oct 2022%
5539-29.1%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77018, you may be able to get a good deal. 56.4% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
31 Days24 Days-23.4%

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77018 are selling fast, if you're buying plan to act quickly.

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

About 77018, TX

There are 246 homes are for sale in 77018, TX real estate market. The number of listings in 77018, TX increased by 15% between September 2022 and October 2022. The median list price of listings available in October 2022 was $494,428, while the average time on the real estate market was 24 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 5.7%, prices of 3 bedrooms properties went up by 9.9%, 4 bedrooms properties prices increased by 2.2%, 5 bedrooms properties prices increased by 6.6%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory increased by 26.7%, the quantity of 3 bedrooms homes went up by 15.4%, number of 4 bedrooms homes increased by 12.7%, volume of 5 bedrooms homes went up by 12%. 77018, TX housing market in October 2022 saw over 6 listings sold above listed price, more than 11 sold at listed price and over 22 sold below.