Is 77506, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77506 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 77506 has remained a Seller's Market.

Key Takeaway

77506 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77506, TX cost?

Median Sold Price

$159,299

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$19,399(+13.9%)

Key Takeaway

Homes in 77506 have sold for 13.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $58.5K-
N/A
2 $90K$120K
+33.3%
3 $140K$160K
+14.3%
4 $158.5K$165K
+4.1%
5+ $343.9K$683.1K
+98.6%

Median Sold Price Compared To Nearby Zip Codes

77506
+13.9%
77503
+12.1%
77502
+11.7%
77017
+7.5%
77547
-3.8%

How many homes are available in 77506, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
4835-27.1%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 117
-36.4%
3 2619
-26.9%
4 107
-30.0%
5+ 12
+100.0%

Number of Homes Sold

Sep 2021Oct 2021%
199-52.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77506, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
44 Days16 Days-63.6%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77506 are selling fast, if you're buying plan to act quickly.

About 77506, TX

There are 35 homes are for sale in 77506, TX real estate market. Between September 2021 and October 2021, 77506, TX real estate market has seen decrease in the number of listings by 27.1%. In October 2021 median list price was $159,299 and the average listing age was 16 days. Between September 2021 and October 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 33.3%, prices of 3 bedrooms properties increased by 14.3%, 4 bedrooms properties prices increased by 4.1%, 5 bedrooms properties became 98.6% more expensive. Volume of homes for sale changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 36.4%, 3 bedrooms homes inventory decreased by 26.9%, 4 bedrooms homes inventory decreased by 30%, number of 5 bedrooms homes increased by 100%. While more than 1 listings in 77506, TX in October 2021 were sold above asking price, there were more than 2 listings sold at asking price, and more than 6 were sold below.