Is 77089, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77089 is a neutral's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 77089 was a Seller's Market.

Key Takeaway

77089 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 77089, TX cost?

Median Sold Price

$249,966

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$27,530(+12.4%)

Key Takeaway

Homes in 77089 have sold for 12.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $115K$171K
+48.7%
3 $206.5K$232.5K
+12.6%
4 $245K$279K
+13.9%
5+ $347K$400K
+15.3%

Median Sold Price Compared To Nearby Zip Codes

77034
+15.6%
77581
+14.8%
77075
+14.1%
77089
+12.4%
77546
+4.3%

How many homes are available in 77089, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
126129+2.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 43
-25.0%
3 7065
-7.1%
4 4349
+14.0%
5+ 912
+33.3%

Number of Homes Sold

Sep 2022Oct 2022%
4220-52.4%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77089, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
18 Days30 Days+65.5%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77089 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 77089, TX

77089, TX has 129 homes on the market. The inventory of homes for sale in 77089, TX between September 2022 and October 2022 increased by 2.4%. In October 2022, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $249,966. Real estate listing prices changed between September 2022 and October 2022: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 48.7%, prices of 3 bedrooms properties went up by 12.6%, 4 bedrooms properties became 13.9% more expensive, 5 bedrooms properties prices increased by 15.3%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went down by 25%, number of 3 bedrooms homes decreased by 7.1%, the quantity of 4 bedrooms homes went up by 14%, 5 bedrooms homes inventory increased by 33.3%. While more than 4 listings in 77089, TX in October 2022 were sold above asking price, there were more than 4 listings sold at asking price, and more than 12 were sold below.