Is 77531, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77531 is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, 77531 has remained a Seller's Market.

Key Takeaway

77531 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77531, TX cost?

Median Sold Price

$255,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$20,000(+8.5%)

Key Takeaway

Homes in 77531 have sold for 8.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$20K
N/A
2 $114.5K$80.5K
-29.7%
3 $230K$247.4K
+7.6%
4 $289.9K$364K
+25.6%
5+ $262.4K$205K
-21.9%

Median Sold Price Compared To Nearby Zip Codes

77541
+11.1%
77566
+9.5%
77531
+8.5%
77515
+4.4%

How many homes are available in 77531, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
5653-5.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 34
+33.3%
3 3837
-2.6%
4 1311
-15.4%
5+ 21
-50.0%

Number of Homes Sold

Oct 2022Nov 2022%
89+12.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77531, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
59 Days29 Days-50.0%

Breakdown of Home Sale Times

6 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 77531 are selling fast, if you're buying plan to act quickly.

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

About 77531, TX

77531, TX has 53 homes for sale to choose from. Between October 2022 and November 2022, 77531, TX real estate market has seen decrease in the number of listings by 5.4%. Listings spent 29 days on the market in November 2022, and had a median list price of $255,000 during the same period. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties decreased by 29.7%, 3 bedrooms properties became 7.6% more expensive, 4 bedrooms properties became 25.6% more expensive, the cost of 5 bedrooms properties went down by 21.9%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes became 33.3% more available, 3 bedrooms homes became 2.6% less available, 4 bedrooms homes became 15.4% less available, the quantity of 5 bedrooms homes went down by 50%. In November 2022 more than 0 listings in 77531, TX were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 7 were sold below.