Is 77461, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77461 is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 77461 was a Seller's Market.

Key Takeaway

77461 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 77461, TX cost?

Median Sold Price

$342,500

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$37,500(+12.3%)

Key Takeaway

Homes in 77461 have sold for 12.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$369.5K
N/A
2 $148K$204K
+37.8%
3 $273.7K$287.4K
+5.0%
4 $389K$490K
+26.0%
5+ $569K$707.5K
+24.3%

Median Sold Price Compared To Nearby Zip Codes

77430
+32.6%
77469
+17.2%
77471
+14.9%
77461
+12.3%

How many homes are available in 77461, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
3241+28.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 11
0.0%
3 1625
+56.3%
4 99
0.0%
5+ 55
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77461, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
18 Days58 Days+209.4%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77461 has remained consistent over time.

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

About 77461, TX

77461, TX has 41 homes for sale to choose from. In October 2022 in 77461, TX there were 28.1% more homes for sale than in September 2022. In October 2022, listings were on the market for 58 days. During the same period, the median list price in this real estate market was $342,500. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 37.8%, 3 bedrooms properties prices increased by 5%, the cost of 4 bedrooms properties went up by 26%, 5 bedrooms properties became 24.3% more expensive. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes went up by 56.3%, 4 bedrooms homes did not move, the quantity of 5 bedrooms homes have not changed. In October 2022, from all listings sold in 77461, TX there were more than 0 sold above asking price, over 3 sold below and more than 1 were sold right at the asked price.