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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77316 is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 77316 was a Seller's Market.

Key Takeaway

77316 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 77316, TX cost?

Median Sold Price

$450,356

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$71,301(+18.8%)

Key Takeaway

Homes in 77316 have sold for 18.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $107K$149K
+39.3%
2 $184.9K$187K
+1.1%
3 $270K$305K
+13.0%
4 $475K$589.2K
+24.1%
5+ $730K$789K
+8.1%

Median Sold Price Compared To Nearby Zip Codes

77354
+21.0%
77356
+19.8%
77316
+18.8%
77384
+17.5%
77304
+10.4%

How many homes are available in 77316, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
249254+2.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 33
0.0%
2 2425
+4.2%
3 8791
+4.6%
4 9898
0.0%
5+ 3737
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
5337-30.2%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 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. 75.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
23 Days32 Days+37.8%

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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.

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

About 77316, TX

77316, TX has 254 homes for sale to choose from. The inventory of homes for sale in 77316, TX between October 2022 and November 2022 increased by 2%. In November 2022, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $450,356. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties prices increased by 39.3%, prices of 2 bedrooms properties increased by 1.1%, 3 bedrooms properties prices increased by 13%, prices of 4 bedrooms properties increased by 24.1%, 5 bedrooms properties prices increased by 8.1%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 4.2%, number of 3 bedrooms homes increased by 4.6%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes did not move. Over 2 listings were sold over their listed price in November 2022 in 77316, TX. In the same period over 28 listings were sold below the listed price and 7 listings were sold for the listed price.