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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77378 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 77378 was a Seller's Market.

Key Takeaway

77378 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77378, TX

How much do homes in 77378, TX cost?

Median Sold Price

$256,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$8,990(-3.4%)

Key Takeaway

Homes in 77378 have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in 77378 was $256,000 in February 2024, down 3.4% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $99K$175K
+76.8%
2 $190K$170K
-10.5%
3 $256.7K$246K
-4.2%
4 $284.3K$275.9K
-3.0%
5+ $335K$620K
+85.1%

Summary: 77378 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.8%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 85.1%.

Median Sold Price Compared To Nearby Zip Codes

77358
+14.5%
77318
+9.0%
77328
+1.9%
77303
-3.0%
77378
-3.4%

Housing Supply in 77378, TX

How many homes are available in 77378, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
86105+22.1%

Summary: The 77378 real estate market had 105 homes for sale in February 2024, a 22.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 810
+25.0%
3 4961
+24.5%
4 2227
+22.7%
5+ 66
0.0%

Summary: The 77378 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 25%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was 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. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 77378 in February 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 77378, TX

How long does it take to sell a home in 77378, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
68 Days135 Days+97.7%

Summary: Homes in 77378 had an average of 135 days on market in Feb 2024, up by 97.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 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.

Summary: During February 2024, 5 homes were sold in 77378; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% 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 4 Days Ago

Newest Listings in 77378, TX

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