Is 77571, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77571 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77571 has remained a Seller's Market.

Key Takeaway

77571 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77571, TX

How much do homes in 77571, TX cost?

Median Sold Price

$276,800

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,466(+1.6%)

Key Takeaway

Homes in 77571 have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in 77571 was $276,800 in October 2024, up 1.6% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$164.4K
N/A
2 $172.5K$155K
-10.1%
3 $249.6K$255K
+2.1%
4 $329.9K$333.4K
+1.1%
5+ $399K$376.7K
-5.6%

Summary: 77571 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 10.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

77536
+6.1%
77571
+1.6%
77586
-0.8%
77520
-2.6%

Housing Supply in 77571, TX

How many homes are available in 77571, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
217241+11.1%

Summary: The 77571 real estate market had 241 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1822
+22.2%
3 120139
+15.8%
4 6664
-3.0%
5+ 1315
+15.4%

Summary: The 77571 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4454+22.7%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77571, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in 77571 in October 2024, up by 22.7% month-over-month. Of the 54 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.

Days on Market for 77571, TX

How long does it take to sell a home in 77571, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
57 Days54 Days-6.1%

Summary: Homes in 77571 had an average of 54 days on market in Oct 2024, down by 6.1% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77571 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 54 homes were sold in 77571; 44% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 20% 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 77571, TX

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