Is 77008, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77008 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77008 has remained a Seller's Market.

Key Takeaway

77008 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77008, TX

How much do homes in 77008, TX cost?

Median Sold Price

$604,237

$278/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,866(+0.8%)

Key Takeaway

Homes in 77008 have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in 77008 was $604,237 in October 2024, up 0.8% from last year, and the median price per square foot was $278.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $382.5K$404K
+5.6%
2 $500K$498K
-0.4%
3 $568.8K$579K
+1.8%
4 $895K$947.5K
+5.9%
5+ $1.6M$1.3M
-14.1%

Summary: 77008 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 14.1%.

Median Sold Price Compared To Nearby Zip Codes

77018
+7.9%
77022
+3.9%
77009
+1.6%
77008
+0.8%
77007
+0.8%

Housing Supply in 77008, TX

How many homes are available in 77008, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
304394+29.6%

Summary: The 77008 real estate market had 394 homes for sale in October 2024, a 29.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 46
+50.0%
2 5259
+13.5%
3 177231
+30.5%
4 6185
+39.3%
5+ 1013
+30.0%

Summary: The 77008 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 30.5%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6074+23.3%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77008, you may be able to get a good deal. 63.5% of homes here sold below asking price last month.

Summary: A total of 74 homes were sold or pending in 77008 in October 2024, up by 23.3% month-over-month. Of the 74 sold homes, 64% were sold under asking, 22% were sold at asking, and 15% were sold over asking.

Days on Market for 77008, TX

How long does it take to sell a home in 77008, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days33 Days+48.5%

Summary: Homes in 77008 had an average of 33 days on market in Oct 2024, up by 48.5% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77008 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 74 homes were sold in 77008; 62% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

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

Report Updated 14 Days Ago

Newest Listings in 77008, TX

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