Is 77429, 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, 77429 has remained a Seller's Market.
Housing Prices in 77429, TX
How much do homes in 77429, TX cost?
Median Sold Price
$375,385
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77429 was $375,385 in March 2024, up 0.1% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114K | $115K | +0.9% |
2 Bedrooms | $199.5K | $150K | -24.8% |
3 Bedrooms | $313.2K | $308K | -1.7% |
4 Bedrooms | $408.6K | $415.5K | +1.7% |
5+ Bedrooms | $510K | $573K | +12.4% |
Summary: 77429 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes decreased by 24.8%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 12.4%.
Housing Supply in 77429, TX
How many homes are available in 77429, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
307 | 354 | +15.3% |
Summary: The 77429 real estate market had 354 homes for sale in March 2024, a 15.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 106 | 121 | +14.2% |
4 Bedrooms | 153 | 178 | +16.3% |
5+ Bedrooms | 41 | 46 | +12.2% |
Summary: The 77429 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 12.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 71 | +9.2% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in 77429 in March 2024, up by 9.2% month-over-month. Of the 71 sold homes, 65% were sold under asking, 25% were sold at asking, and 10% were sold over asking.
Days on Market for 77429, TX
How long does it take to sell a home in 77429, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 33 Days | -1.9% |
Summary: Homes in 77429 had an average of 33 days on market in Mar 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 71 homes were sold in 77429; 66% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.