77351 is a larger than average zip code in Texas with 32,371 residents. Its population is also growing slightly faster than others at a 10-year growth rate of 13.0%. The 77351 zip code market is almost exclusively made up of detached houses, which currently account for 99% of the homes for sale in the area. Heading the list of top schools in the zip code is Big Sandy School.
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Once again, no deals were completed in the 77351 zip code market over the last 30 days. The 77351 zip code is used to having 20.7 sales per month.
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The 77351 zip code market continues a six-week downward trend in sales. Sellers weren't able to find buyers for their properties, resulting in no sales over the last 30 days.
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The 77351 zip code market saw sales remain flat this week with one home sold over the last 30 days and new listings also remain flat at zero. The median sales price remained unchanged over the latest reporting period for the 77351 zip code, coming in at $230,000. With no movement in sales and the availability of 204 months of inventory, the 77351 zip code is a solid buyer's market.
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With a prolonged downward trend of new sellers listing homes, including zero over the last 30 days, and sales that remained flat at one in that same time frame, the 77351 zip code market will be cooling. While new listings numbers suggested otherwise, months of inventory is on a four-week upswing, this week hitting 204 months. The 77351 zip code is a solid buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
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Sales numbers in the 77351 zip code market remain the same with one home sold over the last 30 days and the market still shows an emerging trend downward overall. The median sales price of all transactions in the 77351 zip code did not budge this week, remaining at $230,000. With a downward trend in sales numbers and 204 months of inventory still left to work through, the 77351 zip code is a definite buyer's market.
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$469K  
The 77351 zip code market saw one home go under contract and failed to break out of a pronounced downward trend. Along with that, total home sales fell to one over the last 30 days. Potential buyers should note that prices went up in the 77351 zip code, with the median for this period rising from $163,500 to $230,000. A downturn in contracts, coupled with the availability of 206 months of inventory, prove that the 77351 zip code is a strong buyer's market.
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$469K  
The 77351 zip code has a population that is much younger than most in Texas with a median age of 42 years. Also, it's less affluent than average with a median income of $37,702 per household. The 77351 zip code is an area where most people own their homes, with an ownership ratio of 57.3%. Topping the list of best schools in the zip code is Big Sandy School.
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$387K  
Sales fell to four homes sold over the last 30 days in the 77351 zip code market. Sellers can expect less competition, however, due to a six-week downward trend in homes coming into the market, now down to eight for the same period. Potential buyers should note that prices went up in the 77351 zip code, with the median for this period rising from $125,000 to $163,500. The 77351 zip code is a strong buyer's market, thanks to a big 51 months of inventory to choose from and a pullback in sales.
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$174K  
In this week's report, the number of homes sold in the 77351 zip code market slid to 11 over the past 30 days, a decrease of 45.0% from last week's report. In comparison, the nearby 77327 zip code had six sales in the same time frame, the most of all neighboring zip codes. The median sales price rose to $125,000, up from last week's $102,500. The 77351 zip code is a strong buyer's market, due to a big 19 months of inventory left and aided by the dip in sales.
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E & V Sunny Isles Beach
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Berkshire Hathaway home services
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