Is 77318, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77318 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 77318 has remained a Seller's Market.

Key Takeaway

77318 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77318, TX cost?

Median Sold Price

$269,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$14,000(+5.5%)

Key Takeaway

Homes in 77318 have sold for 5.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $80K$152K
+90.0%
2 $168K$131K
-22.0%
3 $237K$255K
+7.6%
4 $301.2K$349.5K
+16.0%
5+ $389.8K$515K
+32.1%

Median Sold Price Compared To Nearby Zip Codes

77303
+18.3%
77356
+15.2%
77304
+14.4%
77358
+14.3%
77318
+5.5%

How many homes are available in 77318, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
148118-20.3%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 33
0.0%
2 126
-50.0%
3 7559
-21.3%
4 4743
-8.5%
5+ 117
-36.4%

Number of Homes Sold

Oct 2021Nov 2021%
4332-25.6%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77318, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
57 Days29 Days-48.9%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77318 are selling fast, if you're buying plan to act quickly.

About 77318, TX

77318, TX has 118 homes for sale to choose from. Between October 2021 and November 2021, 77318, TX real estate market has seen decrease in the number of listings by 20.3%. In November 2021 median list price was $269,000 and the average listing age was 29 days. Real estate listing prices changed between October 2021 and November 2021: prices of 1 bedroom properties increased by 90%, the cost of 2 bedrooms properties went down by 22%, prices of 3 bedrooms properties increased by 7.6%, 4 bedrooms properties became 16% more expensive, 5 bedrooms properties became 32.1% more expensive. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 50%, the quantity of 3 bedrooms homes went down by 21.3%, 4 bedrooms homes became 8.5% less available, volume of 5 bedrooms homes went down by 36.4%. In November 2021, from all listings sold in 77318, TX there were more than 7 sold above asking price, over 14 sold below and more than 11 were sold right at the asked price.