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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77471 is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, 77471 has remained a Seller's Market.

Key Takeaway

77471 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77471, TX cost?

Median Sold Price

$284,972

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$35,972(+14.4%)

Key Takeaway

Homes in 77471 have sold for 14.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $65K$223K
+243.1%
2 $172K$180K
+4.7%
3 $225K$259K
+15.1%
4 $292K$316.7K
+8.5%
5+ $288.2K$370K
+28.4%

Median Sold Price Compared To Nearby Zip Codes

77441
+20.3%
77469
+15.9%
77406
+14.8%
77471
+14.4%

How many homes are available in 77471, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
115111-3.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 33
0.0%
3 4143
+4.9%
4 5955
-6.8%
5+ 1210
-16.7%

Number of Homes Sold

Oct 2022Nov 2022%
2023+15.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 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. 65.2% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
21 Days49 Days+131.2%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 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.

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

About 77471, TX

There are 111 homes are for sale in 77471, TX real estate market. The number of homes for sale in 77471, TX decreased by 3.5% between October 2022 and November 2022. The median list price of listings available in November 2022 was $284,972, while the average time on the real estate market was 49 days. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties became 243.1% more expensive, prices of 2 bedrooms properties went up by 4.7%, prices of 3 bedrooms properties went up by 15.1%, prices of 4 bedrooms properties increased by 8.5%, 5 bedrooms properties became 28.4% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, volume of 2 bedrooms homes stayed the same, volume of 3 bedrooms homes went up by 4.9%, volume of 4 bedrooms homes went down by 6.8%, number of 5 bedrooms homes decreased by 16.7%. In November 2022 more than 4 listings in 77471, TX were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 15 were sold below.