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 2021

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

$235,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$44,000(+23.0%)

Key Takeaway

Homes in 77087 have sold for 23% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $165K$207K
+25.5%
3 $187K$236K
+26.2%
4 $240K$261.2K
+8.9%
5+ $240K$380K
+58.3%

Median Sold Price Compared To Nearby Zip Codes

77012
+25.3%
77087
+23.0%
77033
+16.6%
77017
+13.9%
77061
+7.1%

How many homes are available in 77087, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
5052+4.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 108
-20.0%
3 2529
+16.0%
4 910
+11.1%
5+ 65
-16.7%

Number of Homes Sold

Sep 2022Oct 2022%
1011+10.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77087, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
22 Days28 Days+29.6%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About 77087, TX

77087, TX has 52 homes on the market. The inventory of homes for sale in 77087, TX between September 2022 and October 2022 increased by 4%. The median list price of listings available in October 2022 was $235,000, while the average time on the real estate market was 28 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 25.5%, the cost of 3 bedrooms properties went up by 26.2%, prices of 4 bedrooms properties went up by 8.9%, 5 bedrooms properties became 58.3% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 20%, volume of 3 bedrooms homes went up by 16%, number of 4 bedrooms homes increased by 11.1%, number of 5 bedrooms homes decreased by 16.7%. In October 2022 more than 0 listings in 77087, TX were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 5 were sold below.