Is 77049, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77049 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 77049 was a Seller's Market.

Key Takeaway

77049 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77049, TX

How much do homes in 77049, TX cost?

Median Sold Price

$265,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$8,366(+3.3%)

Key Takeaway

Homes in 77049 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 77049 was $265,000 in February 2024, up 3.3% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $160K$176.5K
+10.3%
3 $236K$245K
+3.8%
4 $279.5K$285.5K
+2.1%
5+ $335K$374.9K
+11.9%

Summary: 77049 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Zip Codes

77530
+5.0%
77049
+3.3%
77015
0%
77562
-3.6%
77044
-4.1%

Housing Supply in 77049, TX

How many homes are available in 77049, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
87105+20.7%

Summary: The 77049 real estate market had 105 homes for sale in February 2024, a 20.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 4660
+30.4%
4 3337
+12.1%
5+ 77
0.0%

Summary: The 77049 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77049, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 77049 in February 2024, up by 7.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.

Days on Market for 77049, TX

How long does it take to sell a home in 77049, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
44 Days95 Days+114.4%

Summary: Homes in 77049 had an average of 95 days on market in Feb 2024, up by 114.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77049 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 14 homes were sold in 77049; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 4 Days Ago

Newest Listings in 77049, TX

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