Is 77396, 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, 77396 was a Seller's Market.
Key Takeaway
77396 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 77396, TX
How much do homes in 77396, TX cost?
Median Sold Price
$295,800
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 77396 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 77396 was $295,800 in March 2024, up 1.2% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $172.5K | N/A |
| 2 Bedrooms | $199K | $239K | +20.1% |
| 3 Bedrooms | $256.6K | $249.7K | -2.7% |
| 4 Bedrooms | $334.6K | $335K | 0.1% |
| 5+ Bedrooms | $442.4K | $461K | +4.2% |
Summary: 77396 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 20.1%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in 77396, TX
How many homes are available in 77396, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 177 | 205 | +15.8% |
Summary: The 77396 real estate market had 205 homes for sale in March 2024, a 15.8% 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 72 | 77 | +6.9% |
| 4 Bedrooms | 77 | 90 | +16.9% |
| 5+ Bedrooms | 24 | 31 | +29.2% |
Summary: The 77396 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 75%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 29.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 31 | -11.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77396, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 77396 in March 2024, down by 11.4% month-over-month. Of the 30 sold homes, 57% were sold under asking, 30% were sold at asking, and 13% were sold over asking.
Days on Market for 77396, TX
How long does it take to sell a home in 77396, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 48 Days | -7.2% |
Summary: Homes in 77396 had an average of 48 days on market in Mar 2024, down by 7.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 77396 has remained consistent over time.
Summary: During March 2024, 31 homes were sold in 77396; 39% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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