Is 77414, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 77414 was a Seller's Market.
Key Takeaway
77414 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77414, TX
How much do homes in 77414, TX cost?
Median Sold Price
$224,995
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 77414 have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in 77414 was $224,995 in April 2024, down 2.2% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197.5K | $205K | +3.8% |
| 2 Bedrooms | $277K | $158K | -43.0% |
| 3 Bedrooms | $210K | $219K | +4.3% |
| 4 Bedrooms | $264.9K | $280K | +5.7% |
| 5+ Bedrooms | $285K | $452.9K | +58.9% |
Summary: 77414 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes decreased by 43%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 58.9%.
Median Sold Price Compared To Nearby Zip Codes
| 77480 | $212K | $255K | +20.3% |
| 77414 | $230K | $224.9K | -2.2% |
Housing Supply in 77414, TX
How many homes are available in 77414, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 133 | 139 | +4.5% |
Summary: The 77414 real estate market had 139 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 27 | 32 | +18.5% |
| 3 Bedrooms | 69 | 67 | -2.9% |
| 4 Bedrooms | 26 | 28 | +7.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 77414 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 9 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 77414, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 77414 in April 2024, down by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for 77414, TX
How long does it take to sell a home in 77414, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 57 Days | -11.6% |
Summary: Homes in 77414 had an average of 57 days on market in Apr 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77414 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 77414; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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