Is 77471, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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.
Housing Prices in 77471, TX
How much do homes in 77471, TX cost?
Median Sold Price
$315,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in 77471 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 77471 was $315,000 in June 2024, up 5% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320.5K | - | N/A |
| 2 Bedrooms | $200K | $169.9K | -15.0% |
| 3 Bedrooms | $260K | $272K | +4.6% |
| 4 Bedrooms | $348K | $349.9K | 0.5% |
| 5+ Bedrooms | $410K | $411.8K | 0.4% |
Summary: 77471 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in 77471, TX
How many homes are available in 77471, TX?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 147 | 170 | +15.6% |
Summary: The 77471 real estate market had 170 homes for sale in June 2024, a 15.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 54 | 77 | +42.6% |
| 4 Bedrooms | 71 | 74 | +4.2% |
| 5+ Bedrooms | 18 | 14 | -22.2% |
Summary: The 77471 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 42.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77471, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 77471 in June 2024, down by 9.1% month-over-month. Of the 30 sold homes, 50% were sold under asking, 37% were sold at asking, and 13% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 27 Days | 73 Days | +168.5% |
Summary: Homes in 77471 had an average of 73 days on market in Jun 2024, up by 168.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 77471 has remained consistent over time.
Summary: During June 2024, 30 homes were sold in 77471; 33% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.