Is 77028, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77028 is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, 77028 has remained a Seller's Market.

Key Takeaway

77028 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77028, TX cost?

Median Sold Price

$210,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$41,000(+24.3%)

Key Takeaway

Homes in 77028 have sold for 24.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$190K
N/A
2 $103.6K$110.5K
+6.7%
3 $170K$216.5K
+27.4%
4 $195K$234K
+20.0%
5+ $200K$191K
-4.5%

Median Sold Price Compared To Nearby Zip Codes

77078
+26.7%
77026
+24.8%
77028
+24.3%
77016
+17.3%

How many homes are available in 77028, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
7271-1.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 69
+50.0%
3 5450
-7.4%
4 1110
-9.1%
5+ 12
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
1712-29.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77028, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
18 Days30 Days+65.1%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77028 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 77028, TX

Number of homes for sale in 77028, TX real estate market have reached 71. The number of homes for sale in 77028, TX decreased by 1.4% between October 2022 and November 2022. Listings spent 30 days on the market in November 2022, and had a median list price of $210,000 during the same period. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 6.7% more expensive, 3 bedrooms properties became 27.4% more expensive, 4 bedrooms properties prices increased by 20%, 5 bedrooms properties prices decreased by 4.5%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes increased by 50%, 3 bedrooms homes became 7.4% less available, number of 4 bedrooms homes decreased by 9.1%, volume of 5 bedrooms homes went up by 100%. While more than 4 listings in 77028, TX in November 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 5 were sold below.