Is 77461, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 77461 was a Seller's Market.
Housing Prices in 77461, TX
How much do homes in 77461, TX cost?
Median Sold Price
$359,900
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77461 was $359,900 in March 2024, up 3.4% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $369.5K | $239K | -35.3% |
2 Bedrooms | $311.5K | $150K | -51.8% |
3 Bedrooms | $279.9K | $328.9K | +17.5% |
4 Bedrooms | $517.2K | $555K | +7.3% |
5+ Bedrooms | $685K | $905K | +32.1% |
Summary: 77461 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.3%, 2 bedroom homes decreased by 51.8%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 32.1%.
Housing Supply in 77461, TX
How many homes are available in 77461, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 51 | +15.9% |
Summary: The 77461 real estate market had 51 homes for sale in March 2024, a 15.9% 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 | 3 | 5 | +66.7% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 77461 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 increased by 66.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 77461 in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for 77461, TX
How long does it take to sell a home in 77461, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
92 Days | 11 Days | -87.6% |
Summary: Homes in 77461 had an average of 11 days on market in Mar 2024, down by 87.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 77461; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.