Is 77038, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77038 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 77038 has remained a Seller's Market.

Key Takeaway

77038 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77038, TX cost?

Median Sold Price

$234,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$29,000(+14.1%)

Key Takeaway

Homes in 77038 have sold for 14.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $62K$75K
+21.0%
3 $195K$220.2K
+12.9%
4 $242.5K$265K
+9.2%
5+ $232.5K$305K
+31.2%

Median Sold Price Compared To Nearby Zip Codes

77088
+16.9%
77067
+16.4%
77038
+14.1%
77037
+8.0%

How many homes are available in 77038, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
2127+28.6%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 24
+100.0%
3 1115
+36.4%
4 87
-12.5%
5+ 01
+100.0%

Number of Homes Sold

Sep 2022Oct 2022%
75-28.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77038, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
16 Days29 Days+76.5%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77038 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 77038, TX

Number of homes for sale in 77038, TX real estate market have reached 27. The number of listings in 77038, TX increased by 28.6% between September 2022 and October 2022. The median list price of listings available in October 2022 was $234,000, while the average time on the real estate market was 29 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 went up by 0%, the cost of 2 bedrooms properties went up by 21%, prices of 3 bedrooms properties went up by 12.9%, the cost of 4 bedrooms properties went up by 9.2%, 5 bedrooms properties prices increased by 31.2%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, 2 bedrooms homes became 100% more available, volume of 3 bedrooms homes went up by 36.4%, 4 bedrooms homes inventory decreased by 12.5%, the quantity of 5 bedrooms homes went up by 100%. While more than 0 listings in 77038, TX in October 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 5 were sold below.