Is 77351, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 77351 was a Seller's Market.
Key Takeaway
77351 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77351, TX
How much do homes in 77351, TX cost?
Median Sold Price
$255,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 77351 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 77351 was $255,000 in April 2024, up 8.5% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.6K | $138K | +67.1% |
| 2 Bedrooms | $157K | $175K | +11.5% |
| 3 Bedrooms | $265K | $278.5K | +5.1% |
| 4 Bedrooms | $328K | $400K | +22.0% |
| 5+ Bedrooms | $380K | $550K | +44.7% |
Summary: 77351 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.1%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 44.7%.
Housing Supply in 77351, TX
How many homes are available in 77351, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 237 | 283 | +19.4% |
Summary: The 77351 real estate market had 283 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 8 | -20.0% |
| 2 Bedrooms | 53 | 59 | +11.3% |
| 3 Bedrooms | 118 | 148 | +25.4% |
| 4 Bedrooms | 45 | 52 | +15.6% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The 77351 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77351, you may be able to get a good deal. 77.3% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 77351 in April 2024, down by 12.0% month-over-month. Of the 22 sold homes, 77% were sold under asking, 14% were sold at asking, and 9% were sold over asking.
Days on Market for 77351, TX
How long does it take to sell a home in 77351, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 87 Days | 83 Days | -4.9% |
Summary: Homes in 77351 had an average of 83 days on market in Apr 2024, down by 4.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 77351 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 22 homes were sold in 77351; 27% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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