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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77061 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 77061 has remained a Seller's Market.

Key Takeaway

77061 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77061, TX cost?

Median Sold Price

$224,000

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$24,050(+12.0%)

Key Takeaway

Homes in 77061 have sold for 12% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 --
N/A
2 $80K$110K
+37.5%
3 $212K$224.1K
+5.7%
4 $206.5K$283.5K
+37.3%
5+ $244K$363.7K
+49.1%

Median Sold Price Compared To Nearby Zip Codes

77087
+18.2%
77075
+12.5%
77048
+12.2%
77061
+12.0%
77017
+6.4%

How many homes are available in 77061, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
2932+10.3%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 75
-28.6%
3 1619
+18.8%
4 68
+33.3%
5+ 00
0.0%

Number of Homes Sold

Oct 2021Nov 2021%
67+16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 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. 57.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
40 Days22 Days-45.0%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

About 77061, TX

77061, TX has 32 homes for sale to choose from. The number of listings in 77061, TX increased by 10.3% between October 2021 and November 2021. In November 2021 median list price was $224,000 and the average listing age was 22 days. Between October 2021 and November 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 37.5%, prices of 3 bedrooms properties went up by 5.7%, 4 bedrooms properties prices increased by 37.3%, the cost of 5 bedrooms properties went up by 49.1%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 28.6%, volume of 3 bedrooms homes went up by 18.8%, volume of 4 bedrooms homes went up by 33.3%, the quantity of 5 bedrooms homes have not changed. Over 3 listings were sold over their listed price in November 2021 in 77061, TX. In the same period over 4 listings were sold below the listed price and 0 listings were sold for the listed price.