Is 77037, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77037 is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, 77037 has remained a Seller's Market.

Key Takeaway

77037 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77037, TX cost?

Median Sold Price

$200,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$15,000(+8.1%)

Key Takeaway

Homes in 77037 have sold for 8.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$570K
N/A
2 $217K$195.2K
-10.0%
3 $182.5K$194.2K
+6.4%
4 $185K$200K
+8.1%
5+ $177.5K$250K
+40.8%

Median Sold Price Compared To Nearby Zip Codes

77088
+17.8%
77038
+12.7%
77037
+8.1%

How many homes are available in 77037, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
1819+5.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 32
-33.3%
3 1012
+20.0%
4 33
0.0%
5+ 22
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
47+75.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77037, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
7 Days13 Days+83.3%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77037 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 77037, TX

Homes for sale in 77037, TX have reached 19. The number of homes for sale in 77037, TX increased by 5.6% between October 2022 and November 2022. While the average time on the market in November 2022 was 13 days, the median list price was $200,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 10%, 3 bedrooms properties became 6.4% more expensive, prices of 4 bedrooms properties went up by 8.1%, the cost of 5 bedrooms properties went up by 40.8%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 33.3%, 3 bedrooms homes became 20% more available, 4 bedrooms homes did not move, number of 5 bedrooms homes remained the same. In November 2022 more than 1 listings in 77037, TX were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 3 were sold below.