Is 77371, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77371 is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, 77371 has remained a Buyer's Market.

Key Takeaway

77371 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77371, TX

How much do homes in 77371, TX cost?

Median Sold Price

$208,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$17,000(+8.9%)

Key Takeaway

Homes in 77371 have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in 77371 was $208,000 in February 2024, up 8.9% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $290K$250K
-13.8%
2 $135K$127.4K
-5.6%
3 $181.1K$217.5K
+20.1%
4 $525K$252.5K
-51.9%
5+ $630K-
N/A

Summary: 77371 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 20.1%, 4 bedroom homes decreased by 51.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

77371
+8.9%
77335
+8.8%
77328
+1.9%
77331
-2.0%
77327
-2.2%

Housing Supply in 77371, TX

How many homes are available in 77371, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2629+11.5%

Summary: The 77371 real estate market had 29 homes for sale in February 2024, a 11.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 1415
+7.1%
4 54
-20.0%
5+ 24
+100.0%

Summary: The 77371 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 20%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77371, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 77371 in February 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 77371, TX

How long does it take to sell a home in 77371, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
6 Days131 Days+2083.3%

Summary: Homes in 77371 had an average of 131 days on market in Feb 2024, up by 2083.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 77371 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 1 homes were sold in 77371; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 2 Days Ago

Newest Listings in 77371, TX

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