Is 77328, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, 77328 was a Seller's Market.
Key Takeaway
77328 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77328, TX
How much do homes in 77328, TX cost?
Median Sold Price
$278,500
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in 77328 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 77328 was $278,500 in June 2024, up 3.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $568.1K | $175K | -69.2% |
| 2 Bedrooms | $215K | $197K | -8.4% |
| 3 Bedrooms | $265K | $279.2K | +5.4% |
| 4 Bedrooms | $340K | $298K | -12.4% |
| 5+ Bedrooms | $460K | $422.5K | -8.2% |
Summary: 77328 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.2%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 8.2%.
Housing Supply in 77328, TX
How many homes are available in 77328, TX?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 102 | 110 | +7.8% |
Summary: The 77328 real estate market had 110 homes for sale in June 2024, a 7.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 45 | 52 | +15.6% |
| 4 Bedrooms | 39 | 39 | 0.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 77328 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 15.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77328, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in 77328 in June 2024, up by 10.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 50% were sold at asking, and 20% were sold over asking.
Days on Market for 77328, TX
How long does it take to sell a home in 77328, TX?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 72 Days | 85 Days | +18.0% |
Summary: Homes in 77328 had an average of 85 days on market in Jun 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 77328 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During June 2024, 11 homes were sold in 77328; 18% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.