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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77461 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 77461 has remained a Seller's Market.

Key Takeaway

77461 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77461, TX cost?

Median Sold Price

$305,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$40,000(+15.1%)

Key Takeaway

Homes in 77461 have sold for 15.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 --
N/A
2 $140K$148K
+5.7%
3 $242K$273.7K
+13.1%
4 $292.4K$389K
+33.0%
5+ $475K$569K
+19.8%

Median Sold Price Compared To Nearby Zip Codes

77461
+15.1%
77469
+13.1%
77471
+13.1%
77430
-2.4%

How many homes are available in 77461, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
4948-2.0%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 11
0.0%
2 54
-20.0%
3 2323
0.0%
4 1515
0.0%
5+ 55
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
1411-21.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77461, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
24 Days18 Days-23.4%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77461 are selling fast, if you're buying plan to act quickly.

About 77461, TX

Number of homes for sale in 77461, TX real estate market have reached 48. The inventory of homes for sale in 77461, TX between September 2021 and October 2021 decreased by 2%. Listings spent 18 days on the market in October 2021, and had a median list price of $305,000 during the same period. This housing market listing prices have changed between September 2021 and October 2021: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 5.7%, the cost of 3 bedrooms properties went up by 13.1%, 4 bedrooms properties became 33% more expensive, the cost of 5 bedrooms properties went up by 19.8%. This housing market inventory have changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 20%, volume of 3 bedrooms homes stayed the same, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes stayed the same. In October 2021 more than 5 listings in 77461, TX were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 4 were sold below.