Is 77551, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77551 is a neutral's market

Buyer's
Market

Difference Since October 2021

At the same time last year, 77551 was a Seller's Market.

Key Takeaway

77551 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 77551, TX cost?

Median Sold Price

$289,587

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$65,137(+29.0%)

Key Takeaway

Homes in 77551 have sold for 29% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $135.9K$192.5K
+41.6%
2 $231K$290K
+25.5%
3 $251K$320K
+27.5%
4 $350K$375K
+7.1%
5+ $369.5K$575K
+55.6%

Median Sold Price Compared To Nearby Zip Codes

77551
+29.0%
77554
+17.8%
77550
+16.4%

How many homes are available in 77551, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
101108+6.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 2937
+27.6%
2 2220
-9.1%
3 3032
+6.7%
4 1716
-5.9%
5+ 33
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
2317-26.1%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77551, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
37 Days43 Days+17.5%

Breakdown of Home Sale Times

8 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 77551 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 77551, TX

Number of homes for sale in 77551, TX real estate market have reached 108. The number of listings in 77551, TX increased by 6.9% between September 2022 and October 2022. While the average time on the market in October 2022 was 43 days, the median list price was $289,587. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 41.6%, the cost of 2 bedrooms properties went up by 25.5%, prices of 3 bedrooms properties increased by 27.5%, prices of 4 bedrooms properties increased by 7.1%, prices of 5 bedrooms properties went up by 55.6%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 27.6%, volume of 2 bedrooms homes went down by 9.1%, number of 3 bedrooms homes increased by 6.7%, 4 bedrooms homes inventory decreased by 5.9%, the quantity of 5 bedrooms homes have not changed. In October 2022, from all listings sold in 77551, TX there were more than 3 sold above asking price, over 12 sold below and more than 2 were sold right at the asked price.