Is 77371, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77371 is a seller's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 77371 was a Buyer's Market.

Key Takeaway

77371 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77371, TX cost?

Median Sold Price

$200,500

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$25,500(+14.6%)

Key Takeaway

Homes in 77371 have sold for 14.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $145K$210K
+44.8%
2 $202.5K$135K
-33.3%
3 $153.7K$198K
+28.8%
4 $461.2K$517.5K
+12.2%
5+ $165K$630K
+281.8%

Median Sold Price Compared To Nearby Zip Codes

77335
+41.9%
77371
+14.6%
77331
+7.2%
77327
+5.2%
77328
-1.0%

How many homes are available in 77371, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
2322-4.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 22
0.0%
2 54
-20.0%
3 1212
0.0%
4 23
+50.0%
5+ 21
-50.0%

Number of Homes Sold

Sep 2022Oct 2022%
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77371, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
8 Days50 Days+528.1%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77371 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 77371, TX

Number of homes for sale in 77371, TX real estate market have reached 22. The number of homes for sale in 77371, TX decreased by 4.3% between September 2022 and October 2022. The median list price of listings available in October 2022 was $200,500, while the average time on the real estate market was 50 days. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties prices increased by 44.8%, prices of 2 bedrooms properties decreased by 33.3%, 3 bedrooms properties became 28.8% more expensive, prices of 4 bedrooms properties increased by 12.2%, the cost of 5 bedrooms properties went up by 281.8%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory decreased by 20%, 3 bedrooms homes did not move, the quantity of 4 bedrooms homes went up by 50%, number of 5 bedrooms homes decreased by 50%. In October 2022, from all listings sold in 77371, TX there were more than 1 sold above asking price, over 2 sold below and more than 1 were sold right at the asked price.