Is 77406, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77406 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 77406 has remained a Seller's Market.

Key Takeaway

77406 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77406, TX cost?

Median Sold Price

$344,973

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$49,973(+16.9%)

Key Takeaway

Homes in 77406 have sold for 16.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 --
N/A
2 $247.5K$250K
+1.0%
3 $235K$278.9K
+18.7%
4 $310.3K$360.3K
+16.1%
5+ $420K$495K
+17.9%

Median Sold Price Compared To Nearby Zip Codes

77494
+17.4%
77406
+16.9%
77441
+15.7%
77407
+13.6%
77471
+13.1%

How many homes are available in 77406, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
303256-15.5%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 22
0.0%
3 8764
-26.4%
4 166154
-7.2%
5+ 4836
-25.0%

Number of Homes Sold

Sep 2021Oct 2021%
10792-14.0%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

38 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77406, you may be able to get a good deal. 41.3% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
39 Days21 Days-46.8%

Breakdown of Home Sale Times

68 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77406 are selling fast, if you're buying plan to act quickly.

About 77406, TX

77406, TX has 256 homes for sale to choose from. The number of listings in 77406, TX decreased by 15.5% between September 2021 and October 2021. In October 2021, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $344,973. From September 2021 through October 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 1%, the cost of 3 bedrooms properties went up by 18.7%, the cost of 4 bedrooms properties went up by 16.1%, 5 bedrooms properties became 17.9% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes did not move, volume of 3 bedrooms homes went down by 26.4%, 4 bedrooms homes became 7.2% less available, the quantity of 5 bedrooms homes went down by 25%. While more than 38 listings in 77406, TX in October 2021 were sold above asking price, there were more than 16 listings sold at asking price, and more than 38 were sold below.