Is 77040, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since January 2022
At the same time last year, 77040 was a Seller's Market.
Key Takeaway
77040 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
How much do homes in 77040, TX cost?
Median Sold Price
$283,500
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since January 2022
+$26,844(+10.5%)
Key Takeaway
Homes in 77040 have sold for 10.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $216K | +16.8% |
| 3 Bedrooms | $228K | $250K | +9.6% |
| 4 Bedrooms | $291K | $360K | +23.7% |
| 5+ Bedrooms | $368K | $545K | +48.1% |
How many homes are available in 77040, TX?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 68 | 75 | +10.3% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 31 | 33 | +6.5% |
| 4 Bedrooms | 28 | 33 | +17.9% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77040, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Average Sale Time
| Jan 2022 | Jan 2023 | % |
|---|---|---|
| 17 Days | 40 Days | +134.7% |
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 77040 has remained consistent over time.
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© 2023 Houston Realtors Information Service, Inc. All rights reserved.