Is 77087, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77087 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77087 was a Seller's Market.

Key Takeaway

77087 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 77087, TX

How much do homes in 77087, TX cost?

Median Sold Price

$229,000

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,500(+5.3%)

Key Takeaway

Homes in 77087 have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in 77087 was $229,000 in October 2024, up 5.3% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$115K
N/A
2 $175K$155K
-11.4%
3 $216K$216.7K
0.3%
4 $219K$270K
+23.3%
5+ $290K$316K
+9.0%

Summary: 77087 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 9%.

Median Sold Price Compared To Nearby Zip Codes

77017
+9.0%
77087
+5.3%
77033
-2.0%

Housing Supply in 77087, TX

How many homes are available in 77087, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5161+19.6%

Summary: The 77087 real estate market had 61 homes for sale in October 2024, a 19.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 911
+22.2%
3 2834
+21.4%
4 89
+12.5%
5+ 56
+20.0%

Summary: The 77087 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77087, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 77087 in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.

Days on Market for 77087, TX

How long does it take to sell a home in 77087, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days35 Days+24.8%

Summary: Homes in 77087 had an average of 35 days on market in Oct 2024, up by 24.8% compared to last year.

Breakdown of Home Sale Times

4 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 77087 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 77087; 44% of homes were sold within 30 days, 44% 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 4 Days Ago

Newest Listings in 77087, TX

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