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 October 2020

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

$243,500

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$28,250(+13.1%)

Key Takeaway

Homes in 77471 have sold for 13.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $149.7K$65K
-56.6%
2 $130K$179K
+37.7%
3 $194.1K$220K
+13.3%
4 $250K$284K
+13.6%
5+ $272.6K$278K
+2.0%

Median Sold Price Compared To Nearby Zip Codes

77406
+16.9%
77441
+15.7%
77471
+13.1%
77469
+13.1%

How many homes are available in 77471, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
10794-12.1%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 57
+40.0%
3 5445
-16.7%
4 4339
-9.3%
5+ 53
-40.0%

Number of Homes Sold

Sep 2021Oct 2021%
4220-52.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77471, you could pay more than the asking price. 55% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
38 Days14 Days-62.9%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77471 are selling fast, if you're buying plan to act quickly.

About 77471, TX

Homes for sale in 77471, TX have reached 94. In October 2021 in 77471, TX there were 12.1% less homes for sale than in September 2021. The median list price of listings available in October 2021 was $243,500, while the average time on the real estate market was 14 days. Real estate listing prices changed between September 2021 and October 2021: prices of 1 bedroom properties decreased by 56.6%, 2 bedrooms properties became 37.7% more expensive, prices of 3 bedrooms properties went up by 13.3%, prices of 4 bedrooms properties increased by 13.6%, the cost of 5 bedrooms properties went up by 2%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes increased by 40%, 3 bedrooms homes inventory decreased by 16.7%, the quantity of 4 bedrooms homes went down by 9.3%, the quantity of 5 bedrooms homes went down by 40%. In October 2021 more than 11 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 5 were sold below.