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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77088 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 77088 has remained a Seller's Market.

Key Takeaway

77088 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77088, TX cost?

Median Sold Price

$199,576

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$31,576(+18.8%)

Key Takeaway

Homes in 77088 have sold for 18.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $48K$84K
+75.0%
2 $117.5K$130K
+10.6%
3 $165K$195.1K
+18.3%
4 $186K$219K
+17.7%
5+ $222.4K$195K
-12.3%

Median Sold Price Compared To Nearby Zip Codes

77037
+19.4%
77088
+18.8%
77038
+18.3%
77086
+11.8%
77091
-0.6%

How many homes are available in 77088, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
142125-12.0%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 23
+50.0%
2 88
0.0%
3 9281
-12.0%
4 3730
-18.9%
5+ 33
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
3732-13.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77088, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.

Average Sale Time

Oct 2020Oct 2021%
60 Days16 Days-73.1%

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 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.

About 77088, TX

77088, TX has 125 homes for sale to choose from. In October 2021 in 77088, TX there were 12% less homes for sale than in September 2021. The median list price of listings available in October 2021 was $199,576, while the average time on the real estate market was 16 days. Listing prices have changed in this real estate market between September 2021 and October 2021: prices of 1 bedroom properties increased by 75%, prices of 2 bedrooms properties went up by 10.6%, 3 bedrooms properties became 18.3% more expensive, the cost of 4 bedrooms properties went up by 17.7%, 5 bedrooms properties prices decreased by 12.3%. Housing inventory have changed in this real estate market: number of 1 bedroom homes increased by 50%, 2 bedrooms homes did not move, number of 3 bedrooms homes decreased by 12%, number of 4 bedrooms homes decreased by 18.9%, number of 5 bedrooms homes remained the same. In October 2021, from all listings sold in 77088, TX there were more than 11 sold above asking price, over 7 sold below and more than 14 were sold right at the asked price.