Is 77087, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77087 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 77087 has remained a Seller's Market.

Key Takeaway

77087 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77087, TX cost?

Median Sold Price

$190,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$25,100(+15.2%)

Key Takeaway

Homes in 77087 have sold for 15.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 --
N/A
2 $153.7K$165K
+7.3%
3 $159.9K$187K
+16.9%
4 $168.8K$244.9K
+45.1%
5+ $235K$240K
+2.1%

Median Sold Price Compared To Nearby Zip Codes

77087
+15.2%
77061
+14.9%
77033
+14.3%
77017
+7.5%

How many homes are available in 77087, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
4336-16.3%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 139
-30.8%
3 2015
-25.0%
4 810
+25.0%
5+ 22
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
147-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77087, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
48 Days16 Days-67.0%

Breakdown of Home Sale Times

6 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 77087 are selling fast, if you're buying plan to act quickly.

About 77087, TX

77087, TX has 36 homes on the market. Between September 2021 and October 2021, 77087, TX real estate market has seen decrease in the number of listings by 16.3%. In October 2021 median list price was $190,000 and the average listing age was 16 days. Listing prices have changed in this real estate market between September 2021 and October 2021: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 7.3%, 3 bedrooms properties prices increased by 16.9%, 4 bedrooms properties became 45.1% more expensive, the cost of 5 bedrooms properties went up by 2.1%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory decreased by 30.8%, volume of 3 bedrooms homes went down by 25%, 4 bedrooms homes became 25% more available, volume of 5 bedrooms homes stayed the same. Over 2 listings were sold over their listed price in October 2021 in 77087, TX. In the same period over 3 listings were sold below the listed price and 2 listings were sold for the listed price.