Is 77478, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 77478 has remained a Seller's Market.
Housing Prices in 77478, TX
How much do homes in 77478, TX cost?
Median Sold Price
$425,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77478 was $425,000 in April 2024, up 3.1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $250K | $280K | +12.0% |
3 Bedrooms | $358.9K | $352.5K | -1.8% |
4 Bedrooms | $428.1K | $465.2K | +8.7% |
5+ Bedrooms | $533.5K | $477.5K | -10.5% |
Summary: 77478 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 10.5%.
Housing Supply in 77478, TX
How many homes are available in 77478, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 89 | +20.3% |
Summary: The 77478 real estate market had 89 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 27 | 31 | +14.8% |
4 Bedrooms | 38 | 47 | +23.7% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 77478 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 23 | +43.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 77478 in April 2024, up by 43.8% month-over-month. Of the 23 sold homes, 61% were sold under asking, 9% were sold at asking, and 30% were sold over asking.
Days on Market for 77478, TX
How long does it take to sell a home in 77478, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 17 Days | -40.4% |
Summary: Homes in 77478 had an average of 17 days on market in Apr 2024, down by 40.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 77478; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.