Is 77040, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Nov 2020 | Nov 2021 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $166.5K | $178K | +6.9% |
| 3 Bedrooms | $205K | $225K | +9.8% |
| 4 Bedrooms | $264.5K | $285K | +7.8% |
| 5+ Bedrooms | $297.1K | $396.5K | +33.4% |
How many homes are available in 77040, TX?
Number of Homes For Sale
| Oct 2021 | Nov 2021 | % |
|---|---|---|
| 106 | 102 | -3.8% |
Homes For Sale By Bedroom Count
| # BEDS | Oct 2021 | Nov 2021 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 57 | 54 | -5.3% |
| 4 Bedrooms | 37 | 35 | -5.4% |
| 5+ Bedrooms | 5 | 7 | +40.0%  |
Number of Homes Sold
| Oct 2021 | Nov 2021 | % |
|---|---|---|
| 38 | 35 | -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
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 2020 | Nov 2021 | % |
|---|---|---|
| 26 Days | 23 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
Key Takeaway
Many homes in 77040 are selling fast, if you're buying plan to act quickly.
Disclaimer: Certain information contained herein is derived from information which is the property of, and copyrighted by, Houston Realtors Information Service, Inc. The listing information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Copyright© 2021 Houston Realtors Information Service, Inc. All rights reserved.