Is 77061, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77061 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 77061 was a Seller's Market.

Key Takeaway

77061 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 77061, TX cost?

Median Sold Price

$240,000

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$16,000(+7.1%)

Key Takeaway

Homes in 77061 have sold for 7.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$150K
N/A
2 $110K$175K
+59.1%
3 $224K$232.5K
+3.8%
4 $283.5K$290K
+2.3%
5+ $363.7K$321.5K
-11.6%

Median Sold Price Compared To Nearby Zip Codes

77075
+13.8%
77017
+10.2%
77061
+7.1%
77048
+5.6%

How many homes are available in 77061, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
3335+6.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 35
+66.7%
3 1817
-5.6%
4 89
+12.5%
5+ 33
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
73-57.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77061, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
20 Days25 Days+25.2%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77061 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 77061, TX

Homes for sale in 77061, TX have reached 35. The number of homes for sale in 77061, TX increased by 6.1% between October 2022 and November 2022. In November 2022, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $240,000. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 59.1%, 3 bedrooms properties became 3.8% more expensive, prices of 4 bedrooms properties increased by 2.3%, prices of 5 bedrooms properties went down by 11.6%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 66.7%, volume of 3 bedrooms homes went down by 5.6%, number of 4 bedrooms homes increased by 12.5%, number of 5 bedrooms homes remained the same. Over 0 listings were sold over their listed price in November 2022 in 77061, TX. In the same period over 3 listings were sold below the listed price and 0 listings were sold for the listed price.