Is 77551, 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, 77551 was a Seller's Market.
Key Takeaway
77551 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77551, TX
How much do homes in 77551, TX cost?
Median Sold Price
$299,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 77551 have sold for 2% less than they did a year ago.
Summary: The median home sold price in 77551 was $299,000 in March 2024, down 2% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204K | $185K | -9.3% |
| 2 Bedrooms | $320K | $299K | -6.6% |
| 3 Bedrooms | $327K | $326K | -0.3% |
| 4 Bedrooms | $385K | $432.5K | +12.3% |
| 5+ Bedrooms | $587K | $635K | +8.2% |
Summary: 77551 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 8.2%.
Housing Supply in 77551, TX
How many homes are available in 77551, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 172 | 204 | +18.6% |
Summary: The 77551 real estate market had 204 homes for sale in March 2024, a 18.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 78 | 88 | +12.8% |
| 2 Bedrooms | 32 | 42 | +31.3% |
| 3 Bedrooms | 32 | 43 | +34.4% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 77551 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 34.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77551, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 77551 in March 2024, down by 12.5% month-over-month. Of the 14 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for 77551, TX
How long does it take to sell a home in 77551, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 74 Days | +46.1% |
Summary: Homes in 77551 had an average of 74 days on market in Mar 2024, up by 46.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 77551 has remained consistent over time.
Summary: During March 2024, 14 homes were sold in 77551; 29% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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