Is 77034, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77034 is a buyer's market

Buyer's
Market

Difference Since January 2023

At the same time last year, 77034 was a Seller's Market.

Key Takeaway

77034 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77034, TX

How much do homes in 77034, TX cost?

Median Sold Price

$250,000

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$13,500(+5.7%)

Key Takeaway

Homes in 77034 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 77034 was $250,000 in January 2024, up 5.7% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $70K$73K
+4.3%
2 $114K$144.7K
+27.0%
3 $230K$245K
+6.5%
4 $250K$269K
+7.6%
5+ $270.1K$237.5K
-12.1%

Summary: 77034 housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 12.1%.

Median Sold Price Compared To Nearby Zip Codes

77504
+6.3%
77034
+5.7%
77089
+3.6%

Housing Supply in 77034, TX

How many homes are available in 77034, TX?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
6667+1.5%

Summary: The 77034 real estate market had 67 homes for sale in January 2024, a 1.5% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 3636
0.0%
4 2325
+8.7%
5+ 11
0.0%

Summary: The 77034 housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77034, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 77034 in January 2024, down by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for 77034, TX

How long does it take to sell a home in 77034, TX?

Average Sale Time

Jan 2023Jan 2024CHANGE
58 Days46 Days-19.9%

Summary: Homes in 77034 had an average of 46 days on market in Jan 2024, down by 19.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77034 has remained consistent over time.

Summary: During January 2024, 8 homes were sold in 77034; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% 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 21 Days Ago

Newest Listings in 77034, TX

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