Is Shepherd, TX 77371 a buyer’s or seller’s market?
Shepherd is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Shepherd housing market right now
In the three months ending August 31, 2026, 0% of homes in Shepherd, TX 77371 sold above their list price, the typical home went under contract in 21 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (6 days then) and the median sale price fell 36% to $127,945. Overall, Shepherd is less competitive than a year ago, which gives buyers more room.
Within San Jacinto County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Coldspring 77331 (13% sold over asking) and Cleveland 77328 (3% sold over asking) are even more competitive.
Run the numbers for 77371
Nearby markets
Cleveland 77328Buyer’s market $141 /sq ftColdspring 77331Buyer’s market $162 /sq ftOakhurst 77359Buyer’s market $77 /sq ftPointblank 77364Buyer’s market $141 /sq ft Browse all markets →Towns like Shepherd nearby
Find towns like Shepherd in other states →Where Shepherd is
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Questions about Shepherd real estate
Is Shepherd a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Shepherd, TX 77371 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Shepherd?
The typical home went under contract in 21 days in the latest three months.
Do homes in Shepherd sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 88.7% of the list price.
What are property taxes in Shepherd?
About 0.99% of a home’s value a year in San Jacinto County, or roughly $3,960 on a $400,000 home.
What is the median home price in Shepherd?
The median sale price was $127,945 in the three months ending August 31, 2026, about $102 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology