Is 77429, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77429 is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, 77429 has remained a Seller's Market.

Key Takeaway

77429 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77429, TX cost?

Median Sold Price

$375,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$49,579(+15.2%)

Key Takeaway

Homes in 77429 have sold for 15.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $95.5K$114K
+19.4%
2 $185K$175K
-5.4%
3 $272.2K$312.1K
+14.7%
4 $344.7K$400.3K
+16.1%
5+ $461.5K$498.2K
+8.0%

Median Sold Price Compared To Nearby Zip Codes

77433
+19.2%
77065
+17.6%
77377
+16.3%
77429
+15.2%
77070
+13.5%

How many homes are available in 77429, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
317308-2.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 45
+25.0%
3 110105
-4.5%
4 154150
-2.6%
5+ 4948
-2.0%

Number of Homes Sold

Oct 2022Nov 2022%
7067-4.3%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77429, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
17 Days26 Days+48.5%

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77429 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 77429, TX

77429, TX has 308 homes on the market. The inventory of homes for sale in 77429, TX between October 2022 and November 2022 decreased by 2.8%. In November 2022, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $375,000. This housing market listing prices have changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 19.4%, 2 bedrooms properties prices decreased by 5.4%, the cost of 3 bedrooms properties went up by 14.7%, prices of 4 bedrooms properties went up by 16.1%, 5 bedrooms properties became 8% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went up by 25%, 3 bedrooms homes became 4.5% less available, 4 bedrooms homes became 2.6% less available, number of 5 bedrooms homes decreased by 2%. In November 2022 more than 11 listings in 77429, TX were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 40 were sold below.