Is 77085, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77085 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 77085 has remained a Seller's Market.

Key Takeaway

77085 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77085, TX cost?

Median Sold Price

$241,300

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$35,800(+17.4%)

Key Takeaway

Homes in 77085 have sold for 17.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$120K
N/A
2 $138K$227.4K
+64.8%
3 $201K$242K
+20.4%
4 $207K$246.2K
+19.0%
5+ -$240K
N/A

Median Sold Price Compared To Nearby Zip Codes

77045
+30.6%
77085
+17.4%
77489
+17.3%
77053
+15.6%
77035
+8.5%

How many homes are available in 77085, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
1523+53.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 00
0.0%
3 913
+44.4%
4 58
+60.0%
5+ 12
+100.0%

Number of Homes Sold

Sep 2022Oct 2022%
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77085, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
25 Days18 Days-26.3%

Breakdown of Home Sale Times

3 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 77085 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 77085, TX

Homes for sale in 77085, TX have reached 23. The number of homes for sale in 77085, TX increased by 53.3% between September 2022 and October 2022. In October 2022 median list price was $241,300 and the average listing age was 18 days. Listing prices have changed in this real estate market between September 2022 and October 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 64.8%, 3 bedrooms properties became 20.4% more expensive, 4 bedrooms properties prices increased by 19%, 5 bedrooms properties prices increased by 0%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes did not move, number of 3 bedrooms homes increased by 44.4%, volume of 4 bedrooms homes went up by 60%, 5 bedrooms homes inventory increased by 100%. In October 2022, from all listings sold in 77085, TX there were more than 1 sold above asking price, over 2 sold below and more than 1 were sold right at the asked price.