Is 77377, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77377 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 77377 has remained a Seller's Market.

Key Takeaway

77377 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77377, TX

How much do homes in 77377, TX cost?

Median Sold Price

$404,208

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$9,208(+2.3%)

Key Takeaway

Homes in 77377 have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in 77377 was $404,208 in February 2024, up 2.3% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $230K$306.4K
+33.2%
3 $330K$327.5K
-0.8%
4 $421.5K$445K
+5.6%
5+ $537.5K$565K
+5.1%

Summary: 77377 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 increased by 33.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Zip Codes

77377
+2.3%
77375
+2.2%
77429
-0.1%
77433
-0.6%
77355
-6.0%

Housing Supply in 77377, TX

How many homes are available in 77377, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
151170+12.6%

Summary: The 77377 real estate market had 170 homes for sale in February 2024, a 12.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 5260
+15.4%
4 7985
+7.6%
5+ 1823
+27.8%

Summary: The 77377 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 remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 27.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2235+59.1%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77377, you may be able to get a good deal. 65.7% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 77377 in February 2024, up by 59.1% month-over-month. Of the 35 sold homes, 66% were sold under asking, 20% were sold at asking, and 14% were sold over asking.

Days on Market for 77377, TX

How long does it take to sell a home in 77377, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
78 Days31 Days-59.1%

Summary: Homes in 77377 had an average of 31 days on market in Feb 2024, down by 59.1% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77377 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 35 homes were sold in 77377; 60% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 9% 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 1 Day Ago

Newest Listings in 77377, TX

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