Is 77057, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77057 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 77057 was a Seller's Market.

Key Takeaway

77057 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77057, TX

How much do homes in 77057, TX cost?

Median Sold Price

$295,625

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$16,625(+6.0%)

Key Takeaway

Homes in 77057 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 77057 was $295,625 in February 2024, up 6% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $130.3K$128.2K
-1.6%
2 $215.5K$225K
+4.4%
3 $465K$515K
+10.8%
4 $950K$931.6K
-1.9%
5+ $2.0M$2.2M
+11.3%

Summary: 77057 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 11.3%.

Median Sold Price Compared To Nearby Zip Codes

77057
+6.0%
77056
+1.3%
77024
-2.6%
77063
-9.0%

Housing Supply in 77057, TX

How many homes are available in 77057, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
183234+27.9%

Summary: The 77057 real estate market had 234 homes for sale in February 2024, a 27.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 2129
+38.1%
2 7895
+21.8%
3 5874
+27.6%
4 2230
+36.4%
5+ 46
+50.0%

Summary: The 77057 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.1%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2729+7.4%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77057, you may be able to get a good deal. 65.5% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 77057 in February 2024, up by 7.4% month-over-month. Of the 29 sold homes, 66% were sold under asking, 21% were sold at asking, and 14% were sold over asking.

Days on Market for 77057, TX

How long does it take to sell a home in 77057, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
41 Days49 Days+21.3%

Summary: Homes in 77057 had an average of 49 days on market in Feb 2024, up by 21.3% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77057 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 29 homes were sold in 77057; 52% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

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

Report Updated 28 Days Ago

Newest Listings in 77057, TX

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