Is 77488, 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, 77488 was a Seller's Market.
Housing Prices in 77488, TX
How much do homes in 77488, TX cost?
Median Sold Price
$195,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77488 was $195,000 in March 2024, up 1.6% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $125K | -37.5% |
2 Bedrooms | $135K | $106.2K | -21.3% |
3 Bedrooms | $190K | $209K | +10.0% |
4 Bedrooms | $265K | $230K | -13.2% |
5+ Bedrooms | $350K | $479K | +36.9% |
Summary: 77488 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.5%, 2 bedroom homes decreased by 21.3%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 36.9%.
Median Sold Price Compared To Nearby Zip Codes
77488 | $192K | $195K | +1.6% |
77437 | $221.2K | $200K | -9.6% |
Housing Supply in 77488, TX
How many homes are available in 77488, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 57 | +7.5% |
Summary: The 77488 real estate market had 57 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 25 | 25 | 0.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 77488 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 23.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 77488 in March 2024, down by 11.1% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for 77488, TX
How long does it take to sell a home in 77488, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 63 Days | +7.4% |
Summary: Homes in 77488 had an average of 63 days on market in Mar 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 77488; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.