The 77840 zip code market reported another in a series of 30-day periods with zero home sales. The 77840 zip code usually averages 1.4 sales per month.
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77840 is a zip code in Texas, and is much less affluent than average with a median income of $23,604 per household. It's much older than the rest of the state, with a median age of 21. Keep in mind, the vast majority of people in the 77840 zip code are renters, with 81.1% of the population renting their home. Heading the list of top schools in the zip code is Rock Prairie Elementary School.
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Typically, 77840 zip code accounts for 1.4 sales per month. This time sellers weren't able to find buyers for their properties, resulting in yet another 30 day period of no sales.
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The 77840 zip code market reported another in a series of 30-day periods with zero home sales. The 77840 zip code usually averages 1.4 sales per month.
Comments:

Typically, 77840 zip code accounts for 1.4 sales per month. This time sellers weren't able to find buyers for their properties, resulting in yet another 30 day period of no sales. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks.
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$345K  
Once again, no deals were completed in the 77840 zip code market over the last 30 days. The 77840 zip code is used to having 1.5 sales per month.
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$590K  
Over the last 30 days, no deals were completed in the 77840 zip code market. The 77840 zip code is used to having 1.5 sales per month.
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$4M  
77840 is a larger than average zip code in Texas with 55,293 residents. Also, it has seen a 25.4% increase in population over the last 10 years. The 77840 zip code market mostly consists of detached houses, accounting for 67% of the current homes in the area. Topping the list of best schools in the zip code is Rock Prairie Elementary School.
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$590K  
Sales dropped in the 77840 zip code market to three homes sold over the last 30 days. It's also under an emerging downward trend in the number of contracts closing, with this week's number falling to zero. Potential buyers should note that prices are coming down in the 77840 zip code, and for this period the median sales price slid from $154,850 to $124,700. Despite the falling contracts numbers, there is only one month of inventory remaining, indicating that the 77840 zip code is a still definite seller's market.
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$4M  
The 77840 zip code market has established a confirmed upward trend, even as sales fell 33.3% this week to four homes over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. Pricing in the 77840 zip code remains consistent from last week to this week, with the median sales price at $154,850 again. With only one month of inventory to sell, the 77840 zip code is a definite seller's market, in spite of the dip in sales.
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