Is 77581, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77581 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 77581 has remained a Seller's Market.

Key Takeaway

77581 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77581, TX cost?

Median Sold Price

$355,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$45,670(+14.8%)

Key Takeaway

Homes in 77581 have sold for 14.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$540.5K
N/A
2 $260K$293.9K
+13.0%
3 $275.2K$310.5K
+12.8%
4 $335.5K$386.2K
+15.1%
5+ $393.7K$439K
+11.5%

Median Sold Price Compared To Nearby Zip Codes

77584
+17.1%
77581
+14.8%
77075
+14.1%
77089
+12.4%
77048
+7.1%

How many homes are available in 77581, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
128133+3.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 46
+50.0%
3 5352
-1.9%
4 5354
+1.9%
5+ 1821
+16.7%

Number of Homes Sold

Sep 2022Oct 2022%
4931-36.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77581, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
20 Days31 Days+55.6%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77581 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 77581, TX

Number of homes for sale in 77581, TX real estate market have reached 133. The number of homes for sale in 77581, TX increased by 3.9% between September 2022 and October 2022. Listings spent 31 days on the market in October 2022, and had a median list price of $355,000 during the same period. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 13%, prices of 3 bedrooms properties went up by 12.8%, prices of 4 bedrooms properties increased by 15.1%, prices of 5 bedrooms properties increased by 11.5%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes became 50% more available, the quantity of 3 bedrooms homes went down by 1.9%, 4 bedrooms homes became 1.9% more available, 5 bedrooms homes inventory increased by 16.7%. 77581, TX housing market in October 2022 saw over 10 listings sold above listed price, more than 7 sold at listed price and over 14 sold below.