Is 77871, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77871 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 77871 has remained a Buyer's Market.

Key Takeaway

77871 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77871, TX

How much do homes in 77871, TX cost?

Median Sold Price

$180,000

$122/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$60,564(-25.2%)

Key Takeaway

Homes in 77871 have sold for 25.2% less than they did a month ago.

Summary: The median home sold price in 77871 was $180,000 in December 2024, down 25.2% from last month, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 -$180K
N/A
4 --
N/A
5+ $240.5K-
N/A

Summary: 77871 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

77856
+25.6%
77871
-25.2%

Housing Supply in 77871, TX

How many homes are available in 77871, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3234+6.3%

Summary: The 77871 real estate market had 34 homes for sale in December 2024, a 6.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 1617
+6.3%
4 67
+16.7%
5+ 32
-33.3%

Summary: The 77871 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77871, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 77871 in December 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 77871, TX

How long does it take to sell a home in 77871, TX?

Average Sale Time

Nov 2024Dec 2024CHANGE
297 Days239 Days-19.5%

Summary: Homes in 77871 had an average of 239 days on market in Dec 2024, down by 19.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 77871 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 1 homes were sold in 77871; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 6 Days Ago

Newest Listings in 77871, TX

Nearby Markets to 77871, TX