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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77551 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 77551 has remained a Seller's Market.

Key Takeaway

77551 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77551, TX cost?

Median Sold Price

$225,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$37,750(+20.2%)

Key Takeaway

Homes in 77551 have sold for 20.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $117K$147.5K
+26.1%
2 $191.5K$230K
+20.1%
3 $224K$258K
+15.2%
4 $330K$370K
+12.1%
5+ $360K$383K
+6.4%

Median Sold Price Compared To Nearby Zip Codes

77554
+26.5%
77550
+25.9%
77551
+20.2%

How many homes are available in 77551, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
104105+1.0%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 3129
-6.5%
2 2122
+4.8%
3 2531
+24.0%
4 2017
-15.0%
5+ 76
-14.3%

Number of Homes Sold

Oct 2021Nov 2021%
2134+61.9%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 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. 67.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
52 Days35 Days-33.5%

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 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.

About 77551, TX

77551, TX has 105 homes on the market. Between October 2021 and November 2021, 77551, TX real estate market has seen increase in the number of listings by 1%. In November 2021 median list price was $225,000 and the average listing age was 35 days. This housing market listing prices have changed between October 2021 and November 2021: 1 bedroom properties became 26.1% more expensive, the cost of 2 bedrooms properties went up by 20.1%, prices of 3 bedrooms properties went up by 15.2%, prices of 4 bedrooms properties increased by 12.1%, prices of 5 bedrooms properties increased by 6.4%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory decreased by 6.5%, 2 bedrooms homes inventory increased by 4.8%, 3 bedrooms homes became 24% more available, 4 bedrooms homes became 15% less available, number of 5 bedrooms homes decreased by 14.3%. 77551, TX housing market in November 2021 saw over 4 listings sold above listed price, more than 7 sold at listed price and over 23 sold below.