Is 77586, 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, 77586 has remained a Neutral Market.
Housing Prices in 77586, TX
How much do homes in 77586, TX cost?
Median Sold Price
$361,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77586 was $361,000 in March 2024, up 3.4% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $93.7K | -14.8% |
2 Bedrooms | $209K | $207K | -1.0% |
3 Bedrooms | $334.5K | $323K | -3.4% |
4 Bedrooms | $385K | $382.2K | -0.7% |
5+ Bedrooms | $427.5K | $430K | +0.6% |
Summary: 77586 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.8%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 0.6%.
Housing Supply in 77586, TX
How many homes are available in 77586, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
147 | 163 | +10.9% |
Summary: The 77586 real estate market had 163 homes for sale in March 2024, a 10.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 12 | 0.0% |
2 Bedrooms | 20 | 27 | +35.0% |
3 Bedrooms | 46 | 48 | +4.3% |
4 Bedrooms | 50 | 56 | +12.0% |
5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The 77586 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 35%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 27 | +17.4% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 77586 in March 2024, up by 17.4% month-over-month. Of the 27 sold homes, 74% were sold under asking, 22% were sold at asking, and 4% were sold over asking.
Days on Market for 77586, TX
How long does it take to sell a home in 77586, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 59 Days | +62.9% |
Summary: Homes in 77586 had an average of 59 days on market in Mar 2024, up by 62.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 77586; 41% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.