Is 77027, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77027 is a neutral's market

Buyer's
Market

Difference Since October 2020

At the same time last year, 77027 was a Seller's Market.

Key Takeaway

77027 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 77027, TX cost?

Median Sold Price

$676,366

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$40,116(+6.3%)

Key Takeaway

Homes in 77027 have sold for 6.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $115K$119K
+3.5%
2 $275K$350K
+27.3%
3 $703K$750K
+6.7%
4 $1.6M$1.9M
+18.2%
5+ $2.3M$2.8M
+19.8%

Median Sold Price Compared To Nearby Zip Codes

77027
+6.3%
77098
-2.2%
77056
-2.4%
77005
-3.4%

How many homes are available in 77027, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
186188+1.1%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 1615
-6.3%
2 6460
-6.3%
3 4247
+11.9%
4 4041
+2.5%
5+ 2425
+4.2%

Number of Homes Sold

Sep 2021Oct 2021%
2931+6.9%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77027, you may be able to get a good deal. 93.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
100 Days75 Days-24.4%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77027 has remained consistent over time.

About 77027, TX

There are 188 homes are for sale in 77027, TX real estate market. The inventory of homes for sale in 77027, TX between September 2021 and October 2021 increased by 1.1%. The median list price of listings available in October 2021 was $676,366, while the average time on the real estate market was 75 days. This housing market listing prices have changed between September 2021 and October 2021: the cost of 1 bedroom properties went up by 3.5%, 2 bedrooms properties became 27.3% more expensive, 3 bedrooms properties became 6.7% more expensive, prices of 4 bedrooms properties went up by 18.2%, prices of 5 bedrooms properties increased by 19.8%. This housing market inventory have changed: number of 1 bedroom homes decreased by 6.3%, 2 bedrooms homes became 6.3% less available, 3 bedrooms homes became 11.9% more available, the quantity of 4 bedrooms homes went up by 2.5%, 5 bedrooms homes became 4.2% more available. While more than 1 listings in 77027, TX in October 2021 were sold above asking price, there were more than 1 listings sold at asking price, and more than 29 were sold below.