Is 77831, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77831 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 77831 has remained a Seller's Market.

Key Takeaway

77831 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77831, TX cost?

Median Sold Price

$265,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$3,000(+1.1%)

Key Takeaway

Homes in 77831 have sold for 1.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$129K
N/A
2 $387.4K$425K
+9.7%
3 $252K$265K
+5.2%
4 $215K$268.2K
+24.8%
5+ -$150K
N/A

Median Sold Price Compared To Nearby Zip Codes

77864
+23.2%
77831
+1.1%

How many homes are available in 77831, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
17170.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 35
+66.7%
3 1412
-14.3%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
43-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77831, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
55 Days182 Days+230.6%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 77831 are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About 77831, TX

There are 17 homes are for sale in 77831, TX real estate market. The median list price of listings available in October 2022 was $265,000, while the average time on the real estate market was 182 days. Real estate listing prices changed between September 2022 and October 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 9.7%, prices of 3 bedrooms properties went up by 5.2%, the cost of 4 bedrooms properties went up by 24.8%, 5 bedrooms properties became 0% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 66.7%, number of 3 bedrooms homes decreased by 14.3%, volume of 4 bedrooms homes stayed the same, the quantity of 5 bedrooms homes have not changed. In October 2022, from all listings sold in 77831, TX there were more than 0 sold above asking price, over 3 sold below and more than 0 were sold right at the asked price.