Is 76577, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 76577 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 76577 has remained a Buyer's Market.

Key Takeaway

76577 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 76577, TX

How much do homes in 76577, TX cost?

Median Sold Price

$320,000

$116/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$19,250(-5.7%)

Key Takeaway

Homes in 76577 have sold for 5.7% less than they did a month ago.

Summary: The median home sold price in 76577 was $320,000 in March 2024, down 5.7% from last month, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $163.5K-
N/A
3 $515K-
N/A
4 -$320K
N/A
5+ --
N/A

Summary: 76577 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

76577
-5.7%
76578
-23.3%

Housing Supply in 76577, TX

How many homes are available in 76577, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
16160.0%

Summary: The 76577 real estate market had 16 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 78
+14.3%
4 22
0.0%
5+ 11
0.0%

Summary: The 76577 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 76577, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 76577 in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 76577, TX

How long does it take to sell a home in 76577, TX?

Average Sale Time

Feb 2024Mar 2024CHANGE
30 Days9 Days-70.0%

Summary: Homes in 76577 had an average of 9 days on market in Mar 2024, down by 70% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 76577 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in 76577; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in 76577, TX

Nearby Markets to 76577, TX