In-depth Real Estate Data: Zip Codes

77040 Research, Pricing, and Statistics

From May 21st, 2024 through November 17th, 2024

Units Sold:

106

Average Sold Price:

$331,682

Average Sold Discount:

3%

Average Price Reduction:

1%

Average DOM:

44

The 77040 zip code in Greater Houston offers a diverse real estate market with 104 homes for sale, featuring average list prices around $374,424. Homes range from cozy 941 sq ft to spacious 5,767 sq ft, with lot sizes averaging 8,510 sq ft. Whether you're buying or selling, there's plenty of opportunity in this vibrant community!

Active Listings

104

Average List Price

$374,424

Typical List Price

$252k to $426k

Homes Listed per Price Range

A visual list price spectrum representation

$150kto$224k$224kto$298k$298kto$373k$373kto$447k$447kto$521k$521kto$595k$595kto$670k$670kto$744k$744kto$818k$818kto$893k$893kto$967k$967kto$1.0M$1.0Mto$1.1M$1.1Mto$1.2M$1.2Mto$1.3M$1.3Mto$1.3M
202414341816652411112

Sold Listings

106

Average Selling Price

$331,682

Typical Selling Price

$249k to $397k

Homes Sold per Price Range

A visual sold price spectrum representation

$135kto$197k$197kto$260k$260kto$322k$322kto$384k$384kto$447k$447kto$509k$509kto$571k$571kto$634k$634kto$696k$696kto$758k$758kto$821k$821kto$883k$883kto$945k$945kto$1.0M$1.0Mto$1.1M$1.1Mto$1.1M$1.1Mto$1.2M$1.2Mto$1.2M
20249242817154532

Average Sold Price per Sq Ft

$173

Typical Sold Price per Sq Ft

$141 to $188

Number of Homes Sold by Sold Price per Square Foot

Breaking down the market by $/SF ranges

$80to$96$96to$111$111to$127$127to$142$142to$158$158to$173$173to$189$189to$205$205to$220$220to$236$236to$251$251to$267$267to$273
20241112132718208312

Average Days to Sell

44

Typical Days to Sell

7 to 42

Days on the Market Distribution

The number of homes sold in each DOM range

to2222to4545to6767to9090to112112to135135to157157to180180to202202to224225to247247to269269to292292to314314to337337to359359to382382to404404to427427to449
20246119355414212

Average Price Reduction

1%

Typical Price Reduction

0% to 2%

Price Reduction Distribution

Shows the number of homes within each price reduction bracket. If you were clothes shopping, this would be like counting how many shirts were on each of the various clearance racks (5%, 10%, etc.)

-9%to-7%-7%to-6%-6%to-4%-4%to-3%-3%to-1%-1%to0%0%to2%2%to3%3%to5%5%to6%6%to8%8%to9%9%to11%11%to12%12%to14%14%to15%15%to17%17%to18%18%to20%20%to21%
2024211861316138875313

Average Discount from Original List

3%

Typical Sold Discount from Original List

0% to 6%

Discounts Distribution - From Initial List Price

Number of homes sold from each discount rack

-9%to-6%-6%to-4%-4%to-1%-1%to1%1%to3%3%to6%6%to8%8%to11%11%to13%13%to15%15%to17%
202413824291576752

Average Discount from Last List

2%

Typical Sold Discount from Last List

0% to 3%

Negotiated Disocunts from Final List Price

The percentage difference between final list price and closed price, distributed

-6%to-4%-4%to-3%-3%to-1%-1%to0%0%to1%1%to3%3%to4%4%to6%6%to7%7%to9%9%to10%10%to12%12%to13%13%to13%
202415528132413752112

About Our Data

All analysis, rankings, ratings, and throughout this site are generated by us here at Icon Real Estate. All raw data comes from the Houston Association of Realtors (HAR, HRIS) – but you're not viewing raw data. We track, categorize, analyze, and rank everything from zip codes to school zones based on geographic (boundary) data that is either (a) provided by local jurisdictions, (b) purchased from third-party sources, or (c) hand-drawn by our team.

Builder statistics rely heavily on our local knowledge and familiarity with the marketing (listing) practices of major local builders. It's not an exact science, but we're pretty accurate in assigning listings to the correct builder. We leverage a bit of AI in that process as well.

It's all good stuff, and we're pretty confident you'll find it useful. But just FYI - no warranties or guarantees. Let us know if you're looking for something you don't see here.