Is 77521, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 77521 has remained a Seller's Market.
Key Takeaway
77521 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 77521, TX
How much do homes in 77521, TX cost?
Median Sold Price
$261,714
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 77521 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 77521 was $261,714 in April 2024, down 1.2% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179K | $233K | +30.2% |
| 3 Bedrooms | $241.7K | $240K | -0.7% |
| 4 Bedrooms | $292.2K | $284K | -2.8% |
| 5+ Bedrooms | $345K | $312.5K | -9.4% |
Summary: 77521 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 increased by 30.2%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 9.4%.
Housing Supply in 77521, TX
How many homes are available in 77521, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 237 | 259 | +9.3% |
Summary: The 77521 real estate market had 259 homes for sale in April 2024, a 9.3% 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 | 6 | 9 | +50.0% |
| 3 Bedrooms | 112 | 122 | +8.9% |
| 4 Bedrooms | 104 | 112 | +7.7% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The 77521 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 increased by 50%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 57 | +5.6% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77521, you may be able to get a good deal. 49.1% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in 77521 in April 2024, up by 5.6% month-over-month. Of the 57 sold homes, 49% were sold under asking, 30% were sold at asking, and 21% were sold over asking.
Days on Market for 77521, TX
How long does it take to sell a home in 77521, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 45 Days | -30.3% |
Summary: Homes in 77521 had an average of 45 days on market in Apr 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77521 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 57 homes were sold in 77521; 54% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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