Is 77385, 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, 77385 has remained a Seller's Market.
Key Takeaway
77385 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 77385, TX
How much do homes in 77385, TX cost?
Median Sold Price
$370,106
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 77385 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 77385 was $370,106 in March 2024, up 5.7% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $336K | $160K | -52.4% |
| 2 Bedrooms | $273K | $235K | -13.9% |
| 3 Bedrooms | $305.2K | $320K | +4.8% |
| 4 Bedrooms | $375.3K | $406K | +8.2% |
| 5+ Bedrooms | $434.9K | $450K | +3.4% |
Summary: 77385 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.4%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 3.4%.
Housing Supply in 77385, TX
How many homes are available in 77385, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 131 | 157 | +19.8% |
Summary: The 77385 real estate market had 157 homes for sale in March 2024, a 19.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 38 | 47 | +23.7% |
| 4 Bedrooms | 80 | 89 | +11.3% |
| 5+ Bedrooms | 12 | 19 | +58.3% |
Summary: The 77385 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 58.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 31 | +19.2% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77385, you may be able to get a good deal. 67.7% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 77385 in March 2024, up by 19.2% month-over-month. Of the 31 sold homes, 68% were sold under asking, 23% were sold at asking, and 10% were sold over asking.
Days on Market for 77385, TX
How long does it take to sell a home in 77385, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 103 Days | 52 Days | -49.7% |
Summary: Homes in 77385 had an average of 52 days on market in Mar 2024, down by 49.7% compared to last year.
Breakdown of Home Sale Times
18 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 77385 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 31 homes were sold in 77385; 58% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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