Is 77541, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77541 is a seller's market

Buyer's
Market

Difference Since October 2020

Since last year, 77541 has remained a Seller's Market.

Key Takeaway

77541 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77541, TX cost?

Median Sold Price

$290,263

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$85,263(+41.6%)

Key Takeaway

Homes in 77541 have sold for 41.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $130K$173K
+33.1%
2 $184.9K$227.5K
+23.0%
3 $220K$301.5K
+37.0%
4 $281.2K$454.5K
+61.6%
5+ $519K$625K
+20.4%

Median Sold Price Compared To Nearby Zip Codes

77541
+41.6%
77515
+12.5%
77566
+8.1%
77531
0.0%

How many homes are available in 77541, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
139127-8.6%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 99
0.0%
2 3935
-10.3%
3 6864
-5.9%
4 2016
-20.0%
5+ 33
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
2623-11.5%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77541, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
86 Days29 Days-65.7%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77541 are selling fast, if you're buying plan to act quickly.

About 77541, TX

Homes for sale in 77541, TX have reached 127. The inventory of homes for sale in 77541, TX between September 2021 and October 2021 decreased by 8.6%. While the average time on the market in October 2021 was 29 days, the median list price was $290,263. This housing market listing prices have changed between September 2021 and October 2021: 1 bedroom properties prices increased by 33.1%, the cost of 2 bedrooms properties went up by 23%, 3 bedrooms properties prices increased by 37%, prices of 4 bedrooms properties went up by 61.6%, prices of 5 bedrooms properties went up by 20.4%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 10.3%, 3 bedrooms homes inventory decreased by 5.9%, volume of 4 bedrooms homes went down by 20%, 5 bedrooms homes inventory did not change. In October 2021 more than 1 listings in 77541, TX were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 16 were sold below.