Is 77566, 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, 77566 was a Seller's Market.
Housing Prices in 77566, TX
How much do homes in 77566, TX cost?
Median Sold Price
$258,400
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77566 was $258,400 in March 2024, down 6% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $91K | -37.2% |
2 Bedrooms | $133.5K | $110.7K | -17.0% |
3 Bedrooms | $240K | $233.7K | -2.6% |
4 Bedrooms | $337.5K | $372.5K | +10.4% |
5+ Bedrooms | $398.5K | $401K | +0.6% |
Summary: 77566 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.2%, 2 bedroom homes decreased by 17%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 0.6%.
Housing Supply in 77566, TX
How many homes are available in 77566, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
150 | 160 | +6.7% |
Summary: The 77566 real estate market had 160 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 69 | 74 | +7.2% |
4 Bedrooms | 63 | 68 | +7.9% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 77566 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 decreased by 12.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 25 | -10.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 77566 in March 2024, down by 10.7% month-over-month. Of the 25 sold homes, 60% were sold under asking, 24% were sold at asking, and 16% were sold over asking.
Days on Market for 77566, TX
How long does it take to sell a home in 77566, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 58 Days | +14.1% |
Summary: Homes in 77566 had an average of 58 days on market in Mar 2024, up by 14.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 77566; 40% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.