Is 77498, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 77498 was a Seller's Market.
Housing Prices in 77498, TX
How much do homes in 77498, TX cost?
Median Sold Price
$320,825
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77498 was $320,825 in April 2024, up 0.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $315K | N/A |
2 Bedrooms | $230K | $210.9K | -8.3% |
3 Bedrooms | $278K | $275K | -1.1% |
4 Bedrooms | $348K | $360K | +3.4% |
5+ Bedrooms | $475K | $461.1K | -2.9% |
Summary: 77498 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 2.9%.
Housing Supply in 77498, TX
How many homes are available in 77498, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 141 | +16.5% |
Summary: The 77498 real estate market had 141 homes for sale in April 2024, a 16.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 52 | 59 | +13.5% |
4 Bedrooms | 50 | 65 | +30.0% |
5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The 77498 housing inventory by bedroom type for April 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 13.5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 22 | -29.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 77498 in April 2024, down by 29.0% month-over-month. Of the 22 sold homes, 68% were sold under asking, 23% were sold at asking, and 9% were sold over asking.
Days on Market for 77498, TX
How long does it take to sell a home in 77498, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 50 Days | +66.1% |
Summary: Homes in 77498 had an average of 50 days on market in Apr 2024, up by 66.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in 77498; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.