Is 77071, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77071 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 77071 has remained a Seller's Market.

Key Takeaway

77071 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77071, TX cost?

Median Sold Price

$200,000

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$16,200(+8.8%)

Key Takeaway

Homes in 77071 have sold for 8.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $41K$48K
+16.8%
2 $65K$75K
+15.4%
3 $175K$194K
+10.9%
4 $225K$270K
+20.0%
5+ $262.7K$347.7K
+32.4%

Median Sold Price Compared To Nearby Zip Codes

77096
+17.2%
77074
+10.8%
77071
+8.8%
77035
+7.4%

How many homes are available in 77071, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
6877+13.2%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 12
+100.0%
2 1117
+54.5%
3 2626
0.0%
4 2426
+8.3%
5+ 66
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
1223+91.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77071, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
33 Days21 Days-35.8%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77071 are selling fast, if you're buying plan to act quickly.

About 77071, TX

77071, TX has 77 homes on the market. In October 2021 in 77071, TX there were 13.2% more homes for sale than in September 2021. The median list price of listings available in October 2021 was $200,000, while the average time on the real estate market was 21 days. From September 2021 through October 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 16.8%, 2 bedrooms properties prices increased by 15.4%, prices of 3 bedrooms properties increased by 10.9%, prices of 4 bedrooms properties went up by 20%, 5 bedrooms properties prices increased by 32.4%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 100% more available, 2 bedrooms homes inventory increased by 54.5%, the quantity of 3 bedrooms homes have not changed, volume of 4 bedrooms homes went up by 8.3%, 5 bedrooms homes inventory did not change. Over 10 listings were sold over their listed price in October 2021 in 77071, TX. In the same period over 11 listings were sold below the listed price and 2 listings were sold for the listed price.