Is 77450, 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, 77450 has remained a Seller's Market.
Housing Prices in 77450, TX
How much do homes in 77450, TX cost?
Median Sold Price
$395,625
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77450 was $395,625 in March 2024, up 1.4% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $236.2K | $250.5K | +6.0% |
3 Bedrooms | $292.5K | $300K | +2.6% |
4 Bedrooms | $410.5K | $425.8K | +3.7% |
5+ Bedrooms | $624K | $610K | -2.2% |
Summary: 77450 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 6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 2.2%.
Housing Supply in 77450, TX
How many homes are available in 77450, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
163 | 205 | +25.8% |
Summary: The 77450 real estate market had 205 homes for sale in March 2024, a 25.8% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 56 | 70 | +25.0% |
4 Bedrooms | 84 | 106 | +26.2% |
5+ Bedrooms | 21 | 27 | +28.6% |
Summary: The 77450 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 41 | -2.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 77450 in March 2024, down by 2.4% month-over-month. Of the 41 sold homes, 56% were sold under asking, 15% were sold at asking, and 29% were sold over asking.
Days on Market for 77450, TX
How long does it take to sell a home in 77450, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 37 Days | +30.5% |
Summary: Homes in 77450 had an average of 37 days on market in Mar 2024, up by 30.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in 77450; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.