Is 77011, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77011 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77011 was a Seller's Market.

Key Takeaway

77011 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 77011, TX

How much do homes in 77011, TX cost?

Median Sold Price

$355,275

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,724(-1.3%)

Key Takeaway

Homes in 77011 have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in 77011 was $355,275 in November 2024, down 1.3% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $392.5K$300K
-23.6%
2 $262K$284.9K
+8.8%
3 $369.9K$367.4K
-0.7%
4 $295K$323.5K
+9.7%
5+ $267.5K$530K
+98.1%

Summary: 77011 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.6%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 98.1%.

Median Sold Price Compared To Nearby Zip Codes

77023
+7.6%
77003
+1.8%
77011
-1.3%
77020
-5.2%

Housing Supply in 77011, TX

How many homes are available in 77011, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6266+6.5%

Summary: The 77011 real estate market had 66 homes for sale in November 2024, a 6.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 913
+44.4%
3 4646
0.0%
4 23
+50.0%
5+ 22
0.0%

Summary: The 77011 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 44.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
410+150.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77011, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 77011 in November 2024, up by 150.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 77011, TX

How long does it take to sell a home in 77011, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days28 Days+114.4%

Summary: Homes in 77011 had an average of 28 days on market in Nov 2024, up by 114.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77011 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in 77011; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

Newest Listings in 77011, TX

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