Is 77480, 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, 77480 was a Seller's Market.
Key Takeaway
77480 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 77480, TX
How much do homes in 77480, TX cost?
Median Sold Price
$257,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 77480 have sold for 22.6% more than they did a year ago.
Summary: The median home sold price in 77480 was $257,500 in March 2024, up 22.6% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $370.9K | +209.1% |
| 2 Bedrooms | $153.5K | $129.7K | -15.5% |
| 3 Bedrooms | $211K | $229.9K | +9.0% |
| 4 Bedrooms | $234.9K | $325K | +38.4% |
| 5+ Bedrooms | $270K | $535K | +98.1% |
Summary: 77480 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 209.1%, 2 bedroom homes decreased by 15.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 38.4%, and 5+ bedroom homes increased by 98.1%.
Median Sold Price Compared To Nearby Zip Codes
| 77480 | $210K | $257.5K | +22.6% |
| 77486 | $285K | $299K | +4.9% |
Housing Supply in 77480, TX
How many homes are available in 77480, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 36 | -2.7% |
Summary: The 77480 real estate market had 36 homes for sale in March 2024, a 2.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 77480 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77480, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 77480 in March 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 77480, TX
How long does it take to sell a home in 77480, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 83 Days | 78 Days | -6.8% |
Summary: Homes in 77480 had an average of 78 days on market in Mar 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77480 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in 77480; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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