Is 77418, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77418 is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, 77418 was a Seller's Market.

Key Takeaway

77418 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 77418, TX cost?

Median Sold Price

$362,500

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$31,500(-8.0%)

Key Takeaway

Homes in 77418 have sold for 8% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $255K$311.6K
+22.2%
2 $238.9K$207.5K
-13.2%
3 $389K$360K
-7.5%
4 $574K$595K
+3.7%
5+ $568K$737.5K
+29.8%

Median Sold Price Compared To Nearby Zip Codes

77445
+24.1%
77418
-8.0%

How many homes are available in 77418, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
5554-1.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 88
0.0%
3 2930
+3.4%
4 1615
-6.3%
5+ 21
-50.0%

Number of Homes Sold

Oct 2022Nov 2022%
58+60.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77418, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
30 Days51 Days+70.5%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77418 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 77418, TX

77418, TX has 54 homes for sale to choose from. In November 2022 in 77418, TX there were 1.8% less homes for sale than in October 2022. The median list price of listings available in November 2022 was $362,500, while the average time on the real estate market was 51 days. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties prices increased by 22.2%, the cost of 2 bedrooms properties went down by 13.2%, the cost of 3 bedrooms properties went down by 7.5%, prices of 4 bedrooms properties went up by 3.7%, prices of 5 bedrooms properties went up by 29.8%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, volume of 3 bedrooms homes went up by 3.4%, number of 4 bedrooms homes decreased by 6.3%, the quantity of 5 bedrooms homes went down by 50%. In November 2022, from all listings sold in 77418, TX there were more than 1 sold above asking price, over 5 sold below and more than 2 were sold right at the asked price.