Is 77059, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77059 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 77059 has remained a Seller's Market.

Key Takeaway

77059 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77059, TX cost?

Median Sold Price

$371,625

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$16,625(+4.7%)

Key Takeaway

Homes in 77059 have sold for 4.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 --
N/A
2 $311K$299.9K
-3.5%
3 $317.8K$317.5K
-0.1%
4 $340K$355K
+4.4%
5+ $475K$475K
0.0%

Median Sold Price Compared To Nearby Zip Codes

77062
+13.6%
77505
+6.1%
77059
+4.7%
77058
+3.6%

How many homes are available in 77059, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
8368-18.1%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 00
0.0%
3 1810
-44.4%
4 5344
-17.0%
5+ 1214
+16.7%

Number of Homes Sold

Sep 2021Oct 2021%
2919-34.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77059, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
46 Days24 Days-47.8%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77059 are selling fast, if you're buying plan to act quickly.

About 77059, TX

There are 68 homes are for sale in 77059, TX real estate market. The number of listings in 77059, TX decreased by 18.1% between September 2021 and October 2021. In October 2021, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $371,625. Listing prices have changed in this real estate market between September 2021 and October 2021: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices decreased by 3.5%, 3 bedrooms properties prices decreased by 0.1%, prices of 4 bedrooms properties went up by 4.4%, the cost of 5 bedrooms properties have not changed. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went down by 44.4%, 4 bedrooms homes became 17% less available, number of 5 bedrooms homes increased by 16.7%. Over 5 listings were sold over their listed price in October 2021 in 77059, TX. In the same period over 11 listings were sold below the listed price and 3 listings were sold for the listed price.