Is 77494, 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, 77494 has remained a Seller's Market.
Housing Prices in 77494, TX
How much do homes in 77494, TX cost?
Median Sold Price
$492,625
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77494 was $492,625 in March 2024, down 0.4% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $353.5K | $380K | +7.5% |
3 Bedrooms | $370K | $371.1K | 0.3% |
4 Bedrooms | $495.4K | $502.9K | +1.5% |
5+ Bedrooms | $712.1K | $716K | 0.5% |
Summary: 77494 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 7.5%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in 77494, TX
How many homes are available in 77494, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
392 | 458 | +16.8% |
Summary: The 77494 real estate market had 458 homes for sale in March 2024, a 16.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 78 | 93 | +19.2% |
4 Bedrooms | 220 | 263 | +19.5% |
5+ Bedrooms | 82 | 90 | +9.8% |
Summary: The 77494 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 remained the same, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 9.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
125 | 101 | -19.2% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 101 homes were sold or pending in 77494 in March 2024, down by 19.2% month-over-month. Of the 101 sold homes, 53% were sold under asking, 23% were sold at asking, and 24% were sold over asking.
Days on Market for 77494, TX
How long does it take to sell a home in 77494, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 25 Days | -39.7% |
Summary: Homes in 77494 had an average of 25 days on market in Mar 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 101 homes were sold in 77494; 70% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.