Is 77488, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77488 is a neutral's market

Buyer's
Market

Difference Since October 2020

At the same time last year, 77488 was a Seller's Market.

Key Takeaway

77488 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 77488, TX cost?

Median Sold Price

$174,500

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$18,250(+11.7%)

Key Takeaway

Homes in 77488 have sold for 11.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $82K$42K
-48.8%
2 $120.3K$110.4K
-8.3%
3 $159.4K$189.5K
+18.9%
4 $210K$225K
+7.1%
5+ $415.5K$296.1K
-28.7%

Median Sold Price Compared To Nearby Zip Codes

77488
+11.7%
77420
-10.3%

How many homes are available in 77488, TX?

Number of Homes For Sale

Sep 2021Oct 2021%
4238-9.5%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 00
0.0%
2 1016
+60.0%
3 2517
-32.0%
4 75
-28.6%
5+ 00
0.0%

Number of Homes Sold

Sep 2021Oct 2021%
136-53.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77488, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Average Sale Time

Oct 2020Oct 2021%
50 Days48 Days-4.7%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77488 are selling fast, if you're buying plan to act quickly.

About 77488, TX

77488, TX has 38 homes for sale to choose from. The number of homes for sale in 77488, TX decreased by 9.5% between September 2021 and October 2021. In October 2021 median list price was $174,500 and the average listing age was 48 days. This housing market listing prices have changed between September 2021 and October 2021: 1 bedroom properties became 48.8% more cheaper, prices of 2 bedrooms properties decreased by 8.3%, the cost of 3 bedrooms properties went up by 18.9%, prices of 4 bedrooms properties increased by 7.1%, prices of 5 bedrooms properties went down by 28.7%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes increased by 60%, the quantity of 3 bedrooms homes went down by 32%, volume of 4 bedrooms homes went down by 28.6%, the quantity of 5 bedrooms homes have not changed. 77488, TX housing market in October 2021 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 5 sold below.