Is 77450, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77450 is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, 77450 has remained a Seller's Market.

Key Takeaway

77450 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77450, TX cost?

Median Sold Price

$335,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$59,534(+21.6%)

Key Takeaway

Homes in 77450 have sold for 21.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 --
N/A
2 $211.7K$198K
-6.5%
3 $219.9K$253K
+15.1%
4 $303.8K$350.9K
+15.5%
5+ $417.5K$533K
+27.7%

Median Sold Price Compared To Nearby Zip Codes

77450
+21.6%
77407
+17.2%
77494
+17.0%
77094
+1.8%

How many homes are available in 77450, TX?

Number of Homes For Sale

Oct 2021Nov 2021%
246223-9.3%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 21
-50.0%
3 5848
-17.2%
4 129119
-7.8%
5+ 5755
-3.5%

Number of Homes Sold

Oct 2021Nov 2021%
9675-21.9%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

40 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77450, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
30 Days19 Days-34.8%

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77450 are selling fast, if you're buying plan to act quickly.

About 77450, TX

77450, TX has 223 homes on the market. The number of homes for sale in 77450, TX decreased by 9.3% between October 2021 and November 2021. In November 2021 median list price was $335,000 and the average listing age was 19 days. This housing market listing prices have changed between October 2021 and November 2021: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties decreased by 6.5%, 3 bedrooms properties prices increased by 15.1%, the cost of 4 bedrooms properties went up by 15.5%, the cost of 5 bedrooms properties went up by 27.7%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 50%, 3 bedrooms homes inventory decreased by 17.2%, the quantity of 4 bedrooms homes went down by 7.8%, volume of 5 bedrooms homes went down by 3.5%. Over 40 listings were sold over their listed price in November 2021 in 77450, TX. In the same period over 24 listings were sold below the listed price and 11 listings were sold for the listed price.