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 2021

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

$220,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$30,000(+15.8%)

Key Takeaway

Homes in 77051 have sold for 15.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$260K
N/A
2 $105K$128.2K
+22.1%
3 $186.4K$216.2K
+16.0%
4 $255K$289.4K
+13.5%
5+ $239K$301K
+25.9%

Median Sold Price Compared To Nearby Zip Codes

77033
+16.6%
77047
+15.9%
77051
+15.8%
77021
+11.8%
77054
-1.6%

How many homes are available in 77051, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
8091+13.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 1215
+25.0%
3 4754
+14.9%
4 1920
+5.3%
5+ 22
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
1418+28.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 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. 44.4% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
41 Days21 Days-48.1%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 77051, TX

Number of homes for sale in 77051, TX real estate market have reached 91. In October 2022 in 77051, TX there were 13.8% more homes for sale than in September 2022. The median list price of listings available in October 2022 was $220,000, while the average time on the real estate market was 21 days. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 22.1% more expensive, prices of 3 bedrooms properties went up by 16%, the cost of 4 bedrooms properties went up by 13.5%, the cost of 5 bedrooms properties went up by 25.9%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory increased by 25%, volume of 3 bedrooms homes went up by 14.9%, number of 4 bedrooms homes increased by 5.3%, 5 bedrooms homes inventory did not change. Over 3 listings were sold over their listed price in October 2022 in 77051, TX. In the same period over 8 listings were sold below the listed price and 7 listings were sold for the listed price.