Is 77389, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 77389 was a Seller's Market.
Key Takeaway
77389 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 77389, TX
How much do homes in 77389, TX cost?
Median Sold Price
$472,333
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 77389 has remained the same since last year.
Summary: The median home sold price in 77389 was $472,333 in March 2024, up 0.2% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $156.5K | $185K | +18.2% |
| 3 Bedrooms | $375K | $339.8K | -9.4% |
| 4 Bedrooms | $464K | $510K | +9.9% |
| 5+ Bedrooms | $832.2K | $746.2K | -10.3% |
Summary: 77389 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 18.2%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 10.3%.
Housing Supply in 77389, TX
How many homes are available in 77389, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 145 | 171 | +17.9% |
Summary: The 77389 real estate market had 171 homes for sale in March 2024, a 17.9% 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 | 26 | 30 | +15.4% |
| 4 Bedrooms | 70 | 90 | +28.6% |
| 5+ Bedrooms | 48 | 49 | +2.1% |
Summary: The 77389 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 15.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 2.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 28 | -31.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77389, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 77389 in March 2024, down by 31.7% month-over-month. Of the 26 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.
Days on Market for 77389, TX
How long does it take to sell a home in 77389, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 49 Days | +25.7% |
Summary: Homes in 77389 had an average of 49 days on market in Mar 2024, up by 25.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77389 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in 77389; 57% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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