Is 77388, 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, 77388 has remained a Seller's Market.
Housing Prices in 77388, TX
How much do homes in 77388, TX cost?
Median Sold Price
$300,190
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77388 was $300,190 in March 2024, up 0.1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $580K | N/A |
2 Bedrooms | $213K | $210K | -1.4% |
3 Bedrooms | $265K | $260K | -1.9% |
4 Bedrooms | $325K | $320K | -1.5% |
5+ Bedrooms | $386K | $392.5K | +1.7% |
Summary: 77388 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 decreased by 1.4%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in 77388, TX
How many homes are available in 77388, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
171 | 201 | +17.5% |
Summary: The 77388 real estate market had 201 homes for sale in March 2024, a 17.5% 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 | 3 | +200.0% |
3 Bedrooms | 68 | 80 | +17.6% |
4 Bedrooms | 82 | 98 | +19.5% |
5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The 77388 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 200%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 54 | +25.6% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in 77388 in March 2024, up by 25.6% month-over-month. Of the 54 sold homes, 57% were sold under asking, 26% were sold at asking, and 17% were sold over asking.
Days on Market for 77388, TX
How long does it take to sell a home in 77388, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 44 Days | +18.1% |
Summary: Homes in 77388 had an average of 44 days on market in Mar 2024, up by 18.1% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 54 homes were sold in 77388; 59% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.