Is 77316, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77316 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 77316 has remained a Seller's Market.

Key Takeaway

77316 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77316, TX cost?

Median Sold Price

$378,843

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$29,412(+8.4%)

Key Takeaway

Homes in 77316 have sold for 8.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $104.7K$107K
+2.1%
2 $183.5K$179.9K
-2.0%
3 $239.9K$271.6K
+13.2%
4 $407.5K$474.8K
+16.5%
5+ $559.9K$730K
+30.4%

Median Sold Price Compared To Nearby Zip Codes

77356
+15.2%
77354
+14.9%
77304
+14.4%
77384
+12.3%
77316
+8.4%

How many homes are available in 77316, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
199185-7.0%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 13
+200.0%
2 2924
-17.2%
3 6864
-5.9%
4 8675
-12.8%
5+ 1519
+26.7%

Number of Homes Sold

Oct 2021Nov 2021%
4852+8.3%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77316, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
58 Days22 Days-62.1%

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77316 are selling fast, if you're buying plan to act quickly.

About 77316, TX

Homes for sale in 77316, TX have reached 185. In November 2021 in 77316, TX there were 7% less homes for sale than in October 2021. While the average time on the market in November 2021 was 22 days, the median list price was $378,843. Between October 2021 and November 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 2.1%, 2 bedrooms properties became 2% more cheaper, 3 bedrooms properties became 13.2% more expensive, prices of 4 bedrooms properties went up by 16.5%, 5 bedrooms properties became 30.4% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes inventory increased by 200%, 2 bedrooms homes became 17.2% less available, 3 bedrooms homes inventory decreased by 5.9%, the quantity of 4 bedrooms homes went down by 12.8%, number of 5 bedrooms homes increased by 26.7%. In November 2021, from all listings sold in 77316, TX there were more than 12 sold above asking price, over 27 sold below and more than 13 were sold right at the asked price.