Is 77375, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 77375 has remained a Seller's Market.
Key Takeaway
77375 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 77375, TX
How much do homes in 77375, TX cost?
Median Sold Price
$346,855
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 77375 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 77375 was $346,855 in March 2024, up 3.4% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $280K | -20.0% |
| 2 Bedrooms | $232K | $232K | 0.0% |
| 3 Bedrooms | $290K | $293.7K | +1.3% |
| 4 Bedrooms | $391.5K | $400K | +2.2% |
| 5+ Bedrooms | $641.2K | $757.5K | +18.1% |
Summary: 77375 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 18.1%.
Housing Supply in 77375, TX
How many homes are available in 77375, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 256 | 294 | +14.8% |
Summary: The 77375 real estate market had 294 homes for sale in March 2024, a 14.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 97 | 122 | +25.8% |
| 4 Bedrooms | 124 | 132 | +6.5% |
| 5+ Bedrooms | 30 | 34 | +13.3% |
Summary: The 77375 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 73 | +37.7% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77375, you may be able to get a good deal. 63% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in 77375 in March 2024, up by 37.7% month-over-month. Of the 73 sold homes, 63% were sold under asking, 22% were sold at asking, and 15% were sold over asking.
Days on Market for 77375, TX
How long does it take to sell a home in 77375, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 43 Days | -16.3% |
Summary: Homes in 77375 had an average of 43 days on market in Mar 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77375 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 73 homes were sold in 77375; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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