Is 77088, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77088 is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 77088 was a Seller's Market.

Key Takeaway

77088 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 77088, TX cost?

Median Sold Price

$235,577

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$35,627(+17.8%)

Key Takeaway

Homes in 77088 have sold for 17.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $84K$80K
-4.8%
2 $130K$165K
+26.9%
3 $199K$236.2K
+18.7%
4 $220K$247.7K
+12.6%
5+ $220K$285K
+29.5%

Median Sold Price Compared To Nearby Zip Codes

77086
+20.4%
77091
+19.7%
77088
+17.8%
77038
+12.7%
77037
+8.1%

How many homes are available in 77088, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
159166+4.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 13
+200.0%
2 1013
+30.0%
3 104111
+6.7%
4 3634
-5.6%
5+ 85
-37.5%

Number of Homes Sold

Oct 2022Nov 2022%
3123-25.8%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77088, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
17 Days37 Days+110.2%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77088 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 77088, TX

77088, TX has 166 homes for sale to choose from. The number of listings in 77088, TX increased by 4.4% between October 2022 and November 2022. The median list price of listings available in November 2022 was $235,577, while the average time on the real estate market was 37 days. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties prices decreased by 4.8%, 2 bedrooms properties became 26.9% more expensive, the cost of 3 bedrooms properties went up by 18.7%, 4 bedrooms properties became 12.6% more expensive, 5 bedrooms properties prices increased by 29.5%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes increased by 200%, 2 bedrooms homes became 30% more available, 3 bedrooms homes inventory increased by 6.7%, 4 bedrooms homes became 5.6% less available, 5 bedrooms homes inventory decreased by 37.5%. Over 4 listings were sold over their listed price in November 2022 in 77088, TX. In the same period over 17 listings were sold below the listed price and 2 listings were sold for the listed price.