Is 77578, 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, 77578 has remained a Seller's Market.
Housing Prices in 77578, TX
How much do homes in 77578, TX cost?
Median Sold Price
$450,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77578 was $450,000 in March 2024, up 8.4% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $585K | - | N/A |
2 Bedrooms | - | $287.5K | N/A |
3 Bedrooms | $321.5K | $347.5K | +8.1% |
4 Bedrooms | $431.9K | $455K | +5.3% |
5+ Bedrooms | $560.5K | $538.9K | -3.8% |
Summary: 77578 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 did not change, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in 77578, TX
How many homes are available in 77578, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
167 | 185 | +10.8% |
Summary: The 77578 real estate market had 185 homes for sale in March 2024, a 10.8% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 37 | 46 | +24.3% |
4 Bedrooms | 97 | 104 | +7.2% |
5+ Bedrooms | 32 | 34 | +6.3% |
Summary: The 77578 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 remained the same, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 36 | +24.1% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 77578 in March 2024, up by 24.1% month-over-month. Of the 36 sold homes, 61% were sold under asking, 31% were sold at asking, and 8% were sold over asking.
Days on Market for 77578, TX
How long does it take to sell a home in 77578, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
88 Days | 67 Days | -23.7% |
Summary: Homes in 77578 had an average of 67 days on market in Mar 2024, down by 23.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in 77578; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.