Is 77355, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77355 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 77355 was a Seller's Market.

Key Takeaway

77355 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 77355, TX

How much do homes in 77355, TX cost?

Median Sold Price

$356,987

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$22,972(-6.0%)

Key Takeaway

Homes in 77355 have sold for 6% less than they did a year ago.

Summary: The median home sold price in 77355 was $356,987 in February 2024, down 6% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $70K$565K
+707.1%
2 $290K$310K
+6.9%
3 $340K$309.4K
-9.0%
4 $473.5K$515K
+8.8%
5+ $775K$687.5K
-11.3%

Summary: 77355 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 707.1%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 9%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 11.3%.

Median Sold Price Compared To Nearby Zip Codes

77377
+2.3%
77447
-1.3%
77355
-6.0%
77362
-9.7%
77354
-9.9%

Housing Supply in 77355, TX

How many homes are available in 77355, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
108126+16.7%

Summary: The 77355 real estate market had 126 homes for sale in February 2024, a 16.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 5059
+18.0%
4 4552
+15.6%
5+ 910
+11.1%

Summary: The 77355 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1218+50.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77355, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 77355 in February 2024, up by 50.0% month-over-month. Of the 18 sold homes, 61% were sold under asking, 28% were sold at asking, and 11% were sold over asking.

Days on Market for 77355, TX

How long does it take to sell a home in 77355, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
44 Days51 Days+16.3%

Summary: Homes in 77355 had an average of 51 days on market in Feb 2024, up by 16.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77355 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 18 homes were sold in 77355; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% 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 77355, TX

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