Is 77611, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77611 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77611 was a Seller's Market.

Key Takeaway

77611 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77611, TX

How much do homes in 77611, TX cost?

Median Sold Price

$263,900

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$9,430(-3.5%)

Key Takeaway

Homes in 77611 have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in 77611 was $263,900 in November 2024, down 3.5% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $122.4K$128K
+4.5%
3 $271.8K$245K
-9.9%
4 $281.6K$286.4K
+1.7%
5+ $318K-
N/A

Summary: 77611 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes did not change.

Housing Supply in 77611, TX

How many homes are available in 77611, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
15150.0%

Summary: The 77611 real estate market had 15 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1010
0.0%
4 44
0.0%
5+ 00
0.0%

Summary: The 77611 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77611, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 77611 in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 77611, TX

How long does it take to sell a home in 77611, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
56 Days4 Days-93.0%

Summary: Homes in 77611 had an average of 4 days on market in Nov 2024, down by 93% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77611 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 77611; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

Newest Listings in 77611, TX

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