Is 77489, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 77489 has remained a Seller's Market.
Housing Prices in 77489, TX
How much do homes in 77489, TX cost?
Median Sold Price
$246,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77489 was $246,000 in March 2024, up 2.5% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $130K | $155K | +19.2% |
3 Bedrooms | $230K | $240K | +4.3% |
4 Bedrooms | $265K | $257.5K | -2.8% |
5+ Bedrooms | $320K | $300K | -6.3% |
Summary: 77489 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in 77489, TX
How many homes are available in 77489, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
88 | 110 | +25.0% |
Summary: The 77489 real estate market had 110 homes for sale in March 2024, a 25.0% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 51 | 63 | +23.5% |
4 Bedrooms | 28 | 35 | +25.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 77489 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 16.7%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 32 | +88.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 77489 in March 2024, up by 88.2% month-over-month. Of the 32 sold homes, 50% were sold under asking, 41% were sold at asking, and 9% were sold over asking.
Days on Market for 77489, TX
How long does it take to sell a home in 77489, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 39 Days | -21.6% |
Summary: Homes in 77489 had an average of 39 days on market in Mar 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in 77489; 50% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.