Is 77386, 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, 77386 has remained a Seller's Market.
Housing Prices in 77386, TX
How much do homes in 77386, TX cost?
Median Sold Price
$369,464
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77386 was $369,464 in March 2024, down 3.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $214K | $225K | +5.1% |
3 Bedrooms | $305.1K | $289.9K | -5.0% |
4 Bedrooms | $422K | $415K | -1.7% |
5+ Bedrooms | $665K | $800K | +20.3% |
Summary: 77386 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 20.3%.
Housing Supply in 77386, TX
How many homes are available in 77386, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
250 | 294 | +17.6% |
Summary: The 77386 real estate market had 294 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 75 | 91 | +21.3% |
4 Bedrooms | 144 | 159 | +10.4% |
5+ Bedrooms | 29 | 39 | +34.5% |
Summary: The 77386 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 34.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 60 | +11.1% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in 77386 in March 2024, up by 11.1% month-over-month. Of the 59 sold homes, 71% were sold under asking, 20% were sold at asking, and 8% were sold over asking.
Days on Market for 77386, TX
How long does it take to sell a home in 77386, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 60 Days | +35.9% |
Summary: Homes in 77386 had an average of 60 days on market in Mar 2024, up by 35.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 60 homes were sold in 77386; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.