Is 77357, 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, 77357 was a Seller's Market.
Key Takeaway
77357 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 77357, TX
How much do homes in 77357, TX cost?
Median Sold Price
$292,940
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 77357 have sold for 6.6% less than they did a year ago.
Summary: The median home sold price in 77357 was $292,940 in March 2024, down 6.6% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | $40K | -89.9% |
| 2 Bedrooms | $197.7K | $215K | +8.7% |
| 3 Bedrooms | $270K | $261K | -3.3% |
| 4 Bedrooms | $343.7K | $311.1K | -9.5% |
| 5+ Bedrooms | $360K | $357.2K | -0.8% |
Summary: 77357 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 89.9%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in 77357, TX
How many homes are available in 77357, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 186 | 213 | +14.5% |
Summary: The 77357 real estate market had 213 homes for sale in March 2024, a 14.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 73 | 89 | +21.9% |
| 4 Bedrooms | 100 | 109 | +9.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 77357 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 increased by 50%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 34 | +30.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77357, expect to pay close to the asking price. 61.8% of homes here sold near the asking price last month.
Summary: A total of 34 homes were sold or pending in 77357 in March 2024, up by 30.8% month-over-month. Of the 34 sold homes, 21% were sold under asking, 62% were sold at asking, and 18% were sold over asking.
Days on Market for 77357, TX
How long does it take to sell a home in 77357, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 52 Days | -15.1% |
Summary: Homes in 77357 had an average of 52 days on market in Mar 2024, down by 15.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77357 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 34 homes were sold in 77357; 53% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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