Is 77575, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 77575 was a Seller's Market.
Housing Prices in 77575, TX
How much do homes in 77575, TX cost?
Median Sold Price
$248,900
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 77575 was $248,900 in February 2024, up 5.9% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $170K | +161.5% |
2 Bedrooms | $147.5K | $150K | +1.7% |
3 Bedrooms | $235K | $225K | -4.3% |
4 Bedrooms | $264.7K | $292K | +10.3% |
5+ Bedrooms | $502.5K | $452.4K | -10.0% |
Summary: 77575 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 161.5%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Zip Codes
77535 | $325K | $357.3K | +10.0% |
77575 | $235K | $248.9K | +5.9% |
Housing Supply in 77575, TX
How many homes are available in 77575, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
54 | 65 | +20.4% |
Summary: The 77575 real estate market had 65 homes for sale in February 2024, a 20.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 26 | 33 | +26.9% |
4 Bedrooms | 21 | 24 | +14.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 77575 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 77575 in February 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 77575, TX
How long does it take to sell a home in 77575, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
91 Days | 53 Days | -41.6% |
Summary: Homes in 77575 had an average of 53 days on market in Feb 2024, down by 41.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in 77575; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.