Is 77378, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77378 is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 77378 has remained a Seller's Market.

Key Takeaway

77378 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77378, TX cost?

Median Sold Price

$257,995

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$42,995(+20.0%)

Key Takeaway

Homes in 77378 have sold for 20% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$92K
N/A
2 $145K$187.5K
+29.3%
3 $205.8K$253K
+22.9%
4 $278K$284.3K
+2.3%
5+ $612.1K$296K
-51.6%

Median Sold Price Compared To Nearby Zip Codes

77378
+20.0%
77303
+19.1%
77318
+19.1%
77328
-1.0%

How many homes are available in 77378, TX?

Number of Homes For Sale

Sep 2022Oct 2022%
7884+7.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 46
+50.0%
3 3738
+2.7%
4 3636
0.0%
5+ 03
+100.0%

Number of Homes Sold

Sep 2022Oct 2022%
15150.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77378, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
30 Days38 Days+25.8%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77378 has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 77378, TX

Number of homes for sale in 77378, TX real estate market have reached 84. The number of homes for sale in 77378, TX increased by 7.7% between September 2022 and October 2022. The median list price of listings available in October 2022 was $257,995, while the average time on the real estate market was 38 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 29.3% more expensive, prices of 3 bedrooms properties increased by 22.9%, the cost of 4 bedrooms properties went up by 2.3%, prices of 5 bedrooms properties decreased by 51.6%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 50%, the quantity of 3 bedrooms homes went up by 2.7%, the quantity of 4 bedrooms homes have not changed, volume of 5 bedrooms homes went up by 100%. In October 2022, from all listings sold in 77378, TX there were more than 1 sold above asking price, over 12 sold below and more than 2 were sold right at the asked price.