Is 77040, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77040 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 77040 has remained a Seller's Market.

Key Takeaway

77040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77040, TX cost?

Median Sold Price

$247,000

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$27,000(+12.3%)

Key Takeaway

Homes in 77040 have sold for 12.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 --
N/A
2 $166.5K$178K
+6.9%
3 $205K$225K
+9.8%
4 $264.5K$285K
+7.8%
5+ $297.1K$396.5K
+33.4%

Median Sold Price Compared To Nearby Zip Codes

77041
+31.5%
77064
+14.9%
77040
+12.3%
77092
+11.4%
77080
+10.7%

How many homes are available in 77040, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
106102-3.8%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 76
-14.3%
3 5754
-5.3%
4 3735
-5.4%
5+ 57
+40.0%

Number of Homes Sold

Oct 2021Nov 2021%
3835-7.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77040, you could pay more than the asking price. 48.6% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
26 Days23 Days-11.5%

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77040 are selling fast, if you're buying plan to act quickly.

About 77040, TX

Homes for sale in 77040, TX have reached 102. In November 2021 in 77040, TX there were 3.8% less homes for sale than in October 2021. Listings spent 23 days on the market in November 2021, and had a median list price of $247,000 during the same period. Listing prices have changed in this real estate market between October 2021 and November 2021: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 6.9%, prices of 3 bedrooms properties increased by 9.8%, 4 bedrooms properties became 7.8% more expensive, prices of 5 bedrooms properties went up by 33.4%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory decreased by 14.3%, number of 3 bedrooms homes decreased by 5.3%, 4 bedrooms homes became 5.4% less available, volume of 5 bedrooms homes went up by 40%. Over 17 listings were sold over their listed price in November 2021 in 77040, TX. In the same period over 14 listings were sold below the listed price and 4 listings were sold for the listed price.