Is 77055, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77055 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 77055 has remained a Seller's Market.

Key Takeaway

77055 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77055, TX cost?

Median Sold Price

$566,388

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$48,055(+9.3%)

Key Takeaway

Homes in 77055 have sold for 9.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $72K$112.5K
+56.3%
2 $201K$212.5K
+5.7%
3 $417.9K$438.1K
+4.8%
4 $793K$819K
+3.3%
5+ $1.1M$1.2M
+11.8%

Median Sold Price Compared To Nearby Zip Codes

77043
+13.5%
77092
+11.4%
77080
+10.7%
77055
+9.3%
77024
-3.6%

How many homes are available in 77055, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
275258-6.2%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 66
0.0%
2 1517
+13.3%
3 149141
-5.4%
4 7667
-11.8%
5+ 2927
-6.9%

Number of Homes Sold

Oct 2021Nov 2021%
5851-12.1%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77055, you may be able to get a good deal. 68.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
77 Days45 Days-41.3%

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77055 are selling fast, if you're buying plan to act quickly.

About 77055, TX

Homes for sale in 77055, TX have reached 258. The number of listings in 77055, TX decreased by 6.2% between October 2021 and November 2021. In November 2021 median list price was $566,388 and the average listing age was 45 days. Listing prices have changed in this real estate market between October 2021 and November 2021: 1 bedroom properties became 56.3% more expensive, prices of 2 bedrooms properties increased by 5.7%, 3 bedrooms properties prices increased by 4.8%, the cost of 4 bedrooms properties went up by 3.3%, 5 bedrooms properties became 11.8% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, 2 bedrooms homes became 13.3% more available, the quantity of 3 bedrooms homes went down by 5.4%, 4 bedrooms homes inventory decreased by 11.8%, the quantity of 5 bedrooms homes went down by 6.9%. In November 2021, from all listings sold in 77055, TX there were more than 5 sold above asking price, over 35 sold below and more than 11 were sold right at the asked price.