Is 77471, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77471 is a neutral's market

Buyer's
Market

Difference Since January 2023

At the same time last year, 77471 was a Seller's Market.

Key Takeaway

77471 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 77471, TX

How much do homes in 77471, TX cost?

Median Sold Price

$307,833

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$17,500(+6.0%)

Key Takeaway

Homes in 77471 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 77471 was $307,833 in January 2024, up 6% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $223K-
N/A
2 $185K$245K
+32.4%
3 $258.5K$270K
+4.4%
4 $329K$345K
+4.9%
5+ $379.9K$407.5K
+7.2%

Summary: 77471 housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

77471
+6.0%
77406
+3.2%
77469
-2.9%
77441
-8.4%

Housing Supply in 77471, TX

How many homes are available in 77471, TX?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
124130+4.8%

Summary: The 77471 real estate market had 130 homes for sale in January 2024, a 4.8% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 4044
+10.0%
4 6166
+8.2%
5+ 1917
-10.5%

Summary: The 77471 housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 10.5%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
2521-16.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77471, you may be able to get a good deal. 81% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 77471 in January 2024, down by 16.0% month-over-month. Of the 21 sold homes, 81% were sold under asking, 10% were sold at asking, and 10% were sold over asking.

Days on Market for 77471, TX

How long does it take to sell a home in 77471, TX?

Average Sale Time

Jan 2023Jan 2024CHANGE
44 Days67 Days+51.7%

Summary: Homes in 77471 had an average of 67 days on market in Jan 2024, up by 51.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77471 has remained consistent over time.

Summary: During January 2024, 21 homes were sold in 77471; 29% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

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

Report Updated 23 Days Ago

Newest Listings in 77471, TX

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