Is 77354, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 77354 was a Seller's Market.
Housing Prices in 77354, TX
How much do homes in 77354, TX cost?
Median Sold Price
$407,179
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77354 was $407,179 in March 2024, down 5.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.4M | $75K | -95.0% |
2 Bedrooms | $499.5K | $432.5K | -13.4% |
3 Bedrooms | $355K | $330.1K | -7.0% |
4 Bedrooms | $489.1K | $450K | -8.0% |
5+ Bedrooms | $740K | $628.9K | -15.0% |
Summary: 77354 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 95%, 2 bedroom homes decreased by 13.4%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 15%.
Housing Supply in 77354, TX
How many homes are available in 77354, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
316 | 366 | +15.8% |
Summary: The 77354 real estate market had 366 homes for sale in March 2024, a 15.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 118 | 131 | +11.0% |
4 Bedrooms | 151 | 183 | +21.2% |
5+ Bedrooms | 34 | 41 | +20.6% |
Summary: The 77354 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 20.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 60 | +30.4% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in 77354 in March 2024, up by 30.4% month-over-month. Of the 60 sold homes, 68% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for 77354, TX
How long does it take to sell a home in 77354, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 75 Days | +5.4% |
Summary: Homes in 77354 had an average of 75 days on market in Mar 2024, up by 5.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 60 homes were sold in 77354; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.