Is 77378, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, 77378 was a Seller's Market.
Key Takeaway
77378 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 77378, TX
How much do homes in 77378, TX cost?
Median Sold Price
$258,195
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in 77378 has remained the same since last year.
Summary: The median home sold price in 77378 was $258,195 in June 2024, up 0.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99K | $175K | +76.8% |
| 2 Bedrooms | $187.2K | $181.4K | -3.1% |
| 3 Bedrooms | $245K | $249.9K | +2.0% |
| 4 Bedrooms | $289.3K | $282.9K | -2.2% |
| 5+ Bedrooms | $674.9K | $319.1K | -52.7% |
Summary: 77378 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.8%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 52.7%.
Housing Supply in 77378, TX
How many homes are available in 77378, TX?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 144 | 142 | -1.4% |
Summary: The 77378 real estate market had 142 homes for sale in June 2024, a 1.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 69 | 69 | 0.0% |
| 4 Bedrooms | 51 | 44 | -13.7% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 77378 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 39 | 21 | -46.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77378, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 77378 in June 2024, down by 46.2% month-over-month. Of the 21 sold homes, 43% were sold under asking, 38% were sold at asking, and 19% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 86 Days | 63 Days | -26.5% |
Summary: Homes in 77378 had an average of 63 days on market in Jun 2024, down by 26.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77378 are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 21 homes were sold in 77378; 38% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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