Is 77327, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77327 is a buyer's market

Buyer's
Market

Difference Since April 2023

Since last year, 77327 has remained a Buyer's Market.

Key Takeaway

77327 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77327, TX

How much do homes in 77327, TX cost?

Median Sold Price

$229,990

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$5,010(-2.1%)

Key Takeaway

Homes in 77327 have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in 77327 was $229,990 in April 2024, down 2.1% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $198.5K$91K
-54.2%
2 $165K$185K
+12.1%
3 $225K$219.2K
-2.6%
4 $285K$266.4K
-6.5%
5+ $325K$285K
-12.3%

Summary: 77327 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.2%, 2 bedroom homes increased by 12.1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 12.3%.

Median Sold Price Compared To Nearby Zip Codes

77371
+1.2%
77327
-2.1%
77372
-7.9%

Housing Supply in 77327, TX

How many homes are available in 77327, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
267291+9.0%

Summary: The 77327 real estate market had 291 homes for sale in April 2024, a 9.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 67
+16.7%
2 3435
+2.9%
3 125135
+8.0%
4 7076
+8.6%
5+ 3238
+18.8%

Summary: The 77327 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 18.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2724-11.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77327, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 77327 in April 2024, down by 11.1% month-over-month. Of the 24 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.

Days on Market for 77327, TX

How long does it take to sell a home in 77327, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
137 Days55 Days-59.4%

Summary: Homes in 77327 had an average of 55 days on market in Apr 2024, down by 59.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77327 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 24 homes were sold in 77327; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% 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 10 Days Ago

Newest Listings in 77327, TX

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