$5,569 Closing Credit*
$469,000
2,725 SqFt
4 Beds
•2 Full Baths
Dawn Johnson, Listing Office: Martha Turner Sotheby's International Realty - Bay Area
Is 77511, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 77511 was a Seller's Market.
Key Takeaway
77511 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77511, TX
How much do homes in 77511, TX cost?
Median Sold Price
$295,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,550(+1.9%)
Key Takeaway
Homes in 77511 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 77511 was $295,000 in November 2024, up 1.9% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | $255.5K | -53.5% |
| 2 Bedrooms | $181.2K | $199.4K | +10.0% |
| 3 Bedrooms | $270K | $279.9K | +3.7% |
| 4 Bedrooms | $318.5K | $319.8K | 0.4% |
| 5+ Bedrooms | $405K | $370.8K | -8.4% |
Summary: 77511 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.5%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 8.4%.
Housing Supply in 77511, TX
How many homes are available in 77511, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 191 | 194 | +1.6% |
Summary: The 77511 real estate market had 194 homes for sale in November 2024, a 1.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 90 | 90 | 0.0% |
| 4 Bedrooms | 78 | 80 | +2.6% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The 77511 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 decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 22 | -31.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77511, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 77511 in November 2024, down by 31.3% month-over-month. Of the 22 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for 77511, TX
How long does it take to sell a home in 77511, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 51 Days | +18.7% |
Summary: Homes in 77511 had an average of 51 days on market in Nov 2024, up by 18.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77511 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in 77511; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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