Is 77345, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 77345 has remained a Seller's Market.
Housing Prices in 77345, TX
How much do homes in 77345, TX cost?
Median Sold Price
$398,500
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 77345 was $398,500 in February 2024, up 0.9% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $151K | $153K | +1.3% |
2 Bedrooms | $198K | $231.5K | +16.9% |
3 Bedrooms | $302K | $342K | +13.2% |
4 Bedrooms | $400K | $400K | 0.0% |
5+ Bedrooms | $550K | $567K | +3.1% |
Summary: 77345 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 13.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3.1%.
Housing Supply in 77345, TX
How many homes are available in 77345, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
92 | 115 | +25.0% |
Summary: The 77345 real estate market had 115 homes for sale in February 2024, a 25.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 17 | 26 | +52.9% |
4 Bedrooms | 49 | 61 | +24.5% |
5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The 77345 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 52.9%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 30 | +172.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 77345 in February 2024, up by 172.7% month-over-month. Of the 30 sold homes, 53% were sold under asking, 30% were sold at asking, and 17% were sold over asking.
Days on Market for 77345, TX
How long does it take to sell a home in 77345, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
40 Days | 32 Days | -19.2% |
Summary: Homes in 77345 had an average of 32 days on market in Feb 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 30 homes were sold in 77345; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.