Is 77571, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 77571 has remained a Seller's Market.
Housing Prices in 77571, TX
How much do homes in 77571, TX cost?
Median Sold Price
$284,562
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77571 was $284,562 in March 2024, up 11.6% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | - | N/A |
2 Bedrooms | $156K | $180.5K | +15.7% |
3 Bedrooms | $245K | $255.9K | +4.4% |
4 Bedrooms | $315K | $349.9K | +11.1% |
5+ Bedrooms | $365K | $397.9K | +9.0% |
Summary: 77571 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 9%.
Housing Supply in 77571, TX
How many homes are available in 77571, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
186 | 217 | +16.7% |
Summary: The 77571 real estate market had 217 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 13 | 17 | +30.8% |
3 Bedrooms | 101 | 124 | +22.8% |
4 Bedrooms | 50 | 51 | +2.0% |
5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The 77571 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 30.8%, 3 bedroom homes increased by 22.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 38 | +22.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 77571 in March 2024, up by 22.6% month-over-month. Of the 38 sold homes, 55% were sold under asking, 24% were sold at asking, and 21% were sold over asking.
Days on Market for 77571, TX
How long does it take to sell a home in 77571, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 45 Days | +0.9% |
Summary: Homes in 77571 had an average of 45 days on market in Mar 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 38 homes were sold in 77571; 58% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.