Is 77539, 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, 77539 was a Seller's Market.
Key Takeaway
77539 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 77539, TX
How much do homes in 77539, TX cost?
Median Sold Price
$280,380
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 77539 have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in 77539 was $280,380 in March 2024, down 3.5% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106.6K | $142.4K | +33.6% |
| 2 Bedrooms | $178K | $182.5K | +2.5% |
| 3 Bedrooms | $275K | $269.9K | -1.8% |
| 4 Bedrooms | $325K | $338K | +4.0% |
| 5+ Bedrooms | $390K | $424.9K | +8.9% |
Summary: 77539 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.6%, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 8.9%.
Housing Supply in 77539, TX
How many homes are available in 77539, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 185 | 225 | +21.6% |
Summary: The 77539 real estate market had 225 homes for sale in March 2024, a 21.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 19 | 24 | +26.3% |
| 3 Bedrooms | 82 | 100 | +22.0% |
| 4 Bedrooms | 73 | 87 | +19.2% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 77539 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 26.3%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77539, you may be able to get a good deal. 61.8% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 77539 in March 2024, the same as the previous month. Of the 34 sold homes, 62% were sold under asking, 24% were sold at asking, and 15% were sold over asking.
Days on Market for 77539, TX
How long does it take to sell a home in 77539, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 35 Days | -31.2% |
Summary: Homes in 77539 had an average of 35 days on market in Mar 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77539 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 34 homes were sold in 77539; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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