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 2021

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

$239,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$38,666(+19.3%)

Key Takeaway

Homes in 77071 have sold for 19.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $48K$56.5K
+17.7%
2 $73K$114K
+56.2%
3 $195K$235K
+20.5%
4 $270K$290K
+7.4%
5+ $335K$425K
+26.9%

Median Sold Price Compared To Nearby Zip Codes

77071
+19.3%
77031
+13.2%
77074
+12.0%
77096
+11.1%
77035
+8.5%

How many homes are available in 77071, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
6351-19.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 22
0.0%
2 1915
-21.1%
3 2620
-23.1%
4 1210
-16.7%
5+ 44
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
2511-56.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77071, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
23 Days40 Days+69.1%

Breakdown of Home Sale Times

7 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.

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

About 77071, TX

Number of homes for sale in 77071, TX real estate market have reached 51. Between September 2022 and October 2022, 77071, TX real estate market has seen decrease in the number of listings by 19%. In October 2022 median list price was $239,000 and the average listing age was 40 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 17.7%, 2 bedrooms properties became 56.2% more expensive, 3 bedrooms properties became 20.5% more expensive, the cost of 4 bedrooms properties went up by 7.4%, 5 bedrooms properties prices increased by 26.9%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 21.1%, number of 3 bedrooms homes decreased by 23.1%, the quantity of 4 bedrooms homes went down by 16.7%, number of 5 bedrooms homes remained the same. In October 2022, from all listings sold in 77071, TX there were more than 3 sold above asking price, over 3 sold below and more than 5 were sold right at the asked price.