Is 77051, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77051 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 77051 has remained a Seller's Market.

Key Takeaway

77051 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77051, TX cost?

Median Sold Price

$193,166

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$9,666(+5.3%)

Key Takeaway

Homes in 77051 have sold for 5.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $167.5K-
N/A
2 $90K$105K
+16.7%
3 $180.1K$188.2K
+4.5%
4 $207K$255K
+23.2%
5+ $242.4K$279.9K
+15.5%

Median Sold Price Compared To Nearby Zip Codes

77021
+31.6%
77033
+14.3%
77047
+13.3%
77051
+5.3%
77054
-7.9%

How many homes are available in 77051, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
82820.0%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 11
0.0%
2 88
0.0%
3 4547
+4.4%
4 2119
-9.5%
5+ 77
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
1720+17.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77051, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
21 Days44 Days+106.7%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77051 are selling fast, if you're buying plan to act quickly.

About 77051, TX

Number of homes for sale in 77051, TX real estate market have reached 82. The median list price of listings available in October 2021 was $193,166, while the average time on the real estate market was 44 days. Between September 2021 and October 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 16.7%, 3 bedrooms properties became 4.5% more expensive, 4 bedrooms properties became 23.2% more expensive, the cost of 5 bedrooms properties went up by 15.5%. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes went up by 4.4%, number of 4 bedrooms homes decreased by 9.5%, 5 bedrooms homes did not move. Over 6 listings were sold over their listed price in October 2021 in 77051, TX. In the same period over 10 listings were sold below the listed price and 4 listings were sold for the listed price.