The 77437 zip code market reported another in a series of 30-day periods with zero home sales. The 77437 zip code usually averages 6.6 sales per month.
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The population of the 77437 zip code is growing slower than the rest of Texas, at a 10-year growth rate of 7.0%. It's a larger than average zip code compared to the rest of the state, with 17,367 residents. Homes in the 77437 zip code are older than most with a median age of 42 years.
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The 77437 zip code market has remained completely quiet for some time as, once more this week, no sales were reported over the previous 30 days. The 77437 zip code usually averages 6.7 sales per month.
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The 77437 zip code market reported another in a series of 30-day periods with zero home sales. The 77437 zip code usually averages 6.7 sales per month.
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Typically, 77437 zip code accounts for 6.8 sales per month. This time sellers weren't able to find buyers for their properties, resulting in another 30 day period of no sales.
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$115K  
The 77437 zip code market reported zero sales over the last 30 days, appearing to hit bottom after trending lower for one week.
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$115K  
The 77437 zip code market hit a low point, with a record low one homes sold in the last 30 days. Sales showed a 66.7% drop from the prior period, returning to a low not seen since last January. In comparison, 77414 led all other nearby zip codes with two sales. As anticipated when sales reached a bottom, the amount of available homes increased to 47 months worth, a one-year high. The downward trend in sales numbers and the high inventory indicate that the 77437 zip code is still a solid buyer's market.
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$220K  
77437 is a somewhat affluent zip code in Texas with a median income of $41,623 per household. The population is also considered older than most with a median age of 35 years. With an ownership ratio of 61.0%, most people in the 77437 zip code are homeowners.
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$180K  
The 77437 zip code market broke below its 12-month average sales volume this week as sales tumbled 57.1% to hit three homes sold over the last 30 days. On the other hand, the close-by 77414 zip code registered three homes sold in the same period, the most of all surrounding zip codes. The median sales price remained unchanged over the latest reporting period for the 77437 zip code, coming in at $124,500. The 77437 zip code is a definite buyer's market, due to a big 16 months of inventory left and aided by the dip in sales.
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$220K  
There were seven homes sold in the 77437 zip code market over the last 30 days, but four contracts were executed. This marks the lowest amount since last December, and could be a sign that the market is nearing a low. When comparing other close-by zip codes within the same period, the most came from the 77434 zip code with four contracts executed. The median sales price in the 77437 zip code stayed put this week at $124,500. A downturn in contracts, coupled with the availability of seven months of inventory, prove that the 77437 zip code is a strong buyer's market.
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