Is 77550, 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, 77550 was a Seller's Market.
Housing Prices in 77550, TX
How much do homes in 77550, TX cost?
Median Sold Price
$350,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77550 was $350,000 in April 2024, down 9.3% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $290K | +11.5% |
2 Bedrooms | $360K | $322.5K | -10.4% |
3 Bedrooms | $380K | $362.2K | -4.7% |
4 Bedrooms | $652.5K | $546K | -16.3% |
5+ Bedrooms | $635K | $570K | -10.2% |
Summary: 77550 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes decreased by 10.2%.
Housing Supply in 77550, TX
How many homes are available in 77550, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
214 | 255 | +19.2% |
Summary: The 77550 real estate market had 255 homes for sale in April 2024, a 19.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 23 | +9.5% |
2 Bedrooms | 69 | 82 | +18.8% |
3 Bedrooms | 77 | 90 | +16.9% |
4 Bedrooms | 29 | 41 | +41.4% |
5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The 77550 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 41.4%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 28 | 0.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 77550 in April 2024, the same as the previous month. Of the 28 sold homes, 75% were sold under asking, 21% were sold at asking, and 4% were sold over asking.
Days on Market for 77550, TX
How long does it take to sell a home in 77550, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 46 Days | +26.4% |
Summary: Homes in 77550 had an average of 46 days on market in Apr 2024, up by 26.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in 77550; 61% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.