Is 77345, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77345 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 77345 has remained a Seller's Market.

Key Takeaway

77345 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$3,750(+0.9%)

Key Takeaway

Homes in 77345 have sold for 0.9% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $151K$153K
+1.3%
2 $198K$231.5K
+16.9%
3 $302K$342K
+13.2%
4 $400K$400K
0.0%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

77346
+4.0%
77339
+3.2%
77345
+0.9%
77365
-1.2%
77336
-14.3%

Housing Supply in 77345, TX

How many homes are available in 77345, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
92115+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

# BEDSJan 2024Feb 2024CHANGE
1 02
+100.0%
2 97
-22.2%
3 1726
+52.9%
4 4961
+24.5%
5+ 1719
+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 2024Feb 2024CHANGE
1130+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77345, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
40 Days32 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77345 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 77345, TX

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