Is Wallis, TX 77485 a buyer’s or seller’s market?
Wallis is a buyer’s market. With about 8.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Wallis housing market right now
In the three months ending August 31, 2026, 0% of homes in Wallis, TX 77485 sold above their list price, the typical home went under contract in 48 days and there were 8.5 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 faster (76 days then) and the median sale price fell 27% to $307,367. Overall, Wallis is more competitive than a year ago, so tougher for buyers.
Within Austin County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Sealy 77474 (10% sold over asking) is even more competitive.
Run the numbers for 77485
Nearby markets
Bellville 77418Buyer’s market $174 /sq ftIndustry 78944Seller’s market $64 /sq ftNew Ulm 78950Buyer’s market $181 /sq ftSealy 77474Buyer’s market $173 /sq ft Browse all markets →Towns like Wallis nearby
Find towns like Wallis in other states →Where Wallis is
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Questions about Wallis real estate
Is Wallis a buyer’s or seller’s market?
A buyer’s market: there were 8.5 months of supply in Wallis, TX 77485 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 Wallis?
The typical home went under contract in 48 days in the latest three months.
Do homes in Wallis sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.0% of the list price.
What are property taxes in Wallis?
About 1.16% of a home’s value a year in Austin County, or roughly $4,640 on a $400,000 home.
What is the median home price in Wallis?
The median sale price was $307,367 in the three months ending August 31, 2026, about $157 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