Is 77554, 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, 77554 was a Seller's Market.
Key Takeaway
77554 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77554, TX
How much do homes in 77554, TX cost?
Median Sold Price
$575,600
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 77554 have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in 77554 was $575,600 in April 2024, down 3.5% from last year, and the median price per square foot was $384.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $196.2K | +12.1% |
| 2 Bedrooms | $388.7K | $380K | -2.3% |
| 3 Bedrooms | $589.9K | $578K | -2.0% |
| 4 Bedrooms | $907.5K | $870K | -4.1% |
| 5+ Bedrooms | $1.2M | $1.3M | +7.0% |
Summary: 77554 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 7%.
Housing Supply in 77554, TX
How many homes are available in 77554, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 551 | 648 | +17.6% |
Summary: The 77554 real estate market had 648 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 49 | +28.9% |
| 2 Bedrooms | 94 | 95 | +1.1% |
| 3 Bedrooms | 261 | 315 | +20.7% |
| 4 Bedrooms | 111 | 133 | +19.8% |
| 5+ Bedrooms | 47 | 56 | +19.1% |
Summary: The 77554 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.9%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 19.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 64 | +42.2% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 77554, you may be able to get a good deal. 95.3% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in 77554 in April 2024, up by 42.2% month-over-month. Of the 64 sold homes, 95% were sold under asking, 3% were sold at asking, and 2% were sold over asking.
Days on Market for 77554, TX
How long does it take to sell a home in 77554, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 60 Days | -6.6% |
Summary: Homes in 77554 had an average of 60 days on market in Apr 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77554 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 64 homes were sold in 77554; 52% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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