Is 77022, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77022 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77022 was a Seller's Market.

Key Takeaway

77022 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77022, TX

How much do homes in 77022, TX cost?

Median Sold Price

$298,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,000(+2.8%)

Key Takeaway

Homes in 77022 have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in 77022 was $298,000 in November 2024, up 2.8% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $185K$149.9K
-18.9%
2 $215K$212K
-1.4%
3 $298K$315K
+5.7%
4 $309.9K$265K
-14.5%
5+ $970K$434.5K
-55.2%

Summary: 77022 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 55.2%.

Median Sold Price Compared To Nearby Zip Codes

77076
+12.4%
77018
+5.9%
77022
+2.8%
77009
-0.6%

Housing Supply in 77022, TX

How many homes are available in 77022, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
144170+18.1%

Summary: The 77022 real estate market had 170 homes for sale in November 2024, a 18.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 02
+100.0%
2 3235
+9.4%
3 97117
+20.6%
4 99
0.0%
5+ 67
+16.7%

Summary: The 77022 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 20.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13130.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77022, expect to pay close to the asking price. 61.5% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in 77022 in November 2024, the same as the previous month. Of the 13 sold homes, 38% were sold under asking, 62% were sold at asking, and 0% were sold over asking.

Days on Market for 77022, TX

How long does it take to sell a home in 77022, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
52 Days42 Days-18.4%

Summary: Homes in 77022 had an average of 42 days on market in Nov 2024, down by 18.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77022 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in 77022; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% 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 17 Days Ago

Newest Listings in 77022, TX

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