Is 77372, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77372 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 77372 was a Neutral Market.

Key Takeaway

77372 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77372, TX

How much do homes in 77372, TX cost?

Median Sold Price

$279,990

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$12,960(-4.4%)

Key Takeaway

Homes in 77372 have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in 77372 was $279,990 in February 2024, down 4.4% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $150K-
N/A
2 $194.4K$172.5K
-11.3%
3 $250K$264.9K
+6.0%
4 $425K$310K
-27.1%
5+ $450K$294.2K
-34.6%

Summary: 77372 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.3%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 27.1%, and 5+ bedroom homes decreased by 34.6%.

Median Sold Price Compared To Nearby Zip Codes

77328
+1.9%
77327
-2.2%
77372
-4.4%
77357
-6.3%
77306
-7.4%

Housing Supply in 77372, TX

How many homes are available in 77372, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6277+24.2%

Summary: The 77372 real estate market had 77 homes for sale in February 2024, a 24.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 68
+33.3%
3 2233
+50.0%
4 2627
+3.8%
5+ 77
0.0%

Summary: The 77372 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77372, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 77372 in February 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.

Days on Market for 77372, TX

How long does it take to sell a home in 77372, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
87 Days50 Days-42.8%

Summary: Homes in 77372 had an average of 50 days on market in Feb 2024, down by 42.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77372 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 7 homes were sold in 77372; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 27 Days Ago

Newest Listings in 77372, TX

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