Is 77057, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77057 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77057 was a Seller's Market.

Key Takeaway

77057 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77057, TX

How much do homes in 77057, TX cost?

Median Sold Price

$285,712

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,954(-2.0%)

Key Takeaway

Homes in 77057 have sold for 2% less than they did a year ago.

Summary: The median home sold price in 77057 was $285,712 in November 2024, down 2% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $125K$127K
+1.6%
2 $221K$225K
+1.8%
3 $490K$480K
-2.0%
4 $940K$1.0M
+12.3%
5+ $2.3M$2.1M
-6.8%

Summary: 77057 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 6.8%.

Median Sold Price Compared To Nearby Zip Codes

77056
+22.9%
77063
+15.4%
77024
+7.1%
77057
-2.0%

Housing Supply in 77057, TX

How many homes are available in 77057, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
215239+11.2%

Summary: The 77057 real estate market had 239 homes for sale in November 2024, a 11.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2529
+16.0%
2 96109
+13.5%
3 5865
+12.1%
4 2730
+11.1%
5+ 96
-33.3%

Summary: The 77057 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4230-28.6%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77057, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 77057 in November 2024, down by 28.6% month-over-month. Of the 30 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% were sold over asking.

Days on Market for 77057, TX

How long does it take to sell a home in 77057, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
52 Days34 Days-33.2%

Summary: Homes in 77057 had an average of 34 days on market in Nov 2024, down by 33.2% compared to last year.

Breakdown of Home Sale Times

16 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 77057 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 30 homes were sold in 77057; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% 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 18 Days Ago

Newest Listings in 77057, TX

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