Is 77590, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77590 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 77590 was a Seller's Market.

Key Takeaway

77590 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77590, TX

How much do homes in 77590, TX cost?

Median Sold Price

$195,333

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$8,916(-4.4%)

Key Takeaway

Homes in 77590 have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in 77590 was $195,333 in March 2024, down 4.4% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $130K$140K
+7.7%
3 $196.5K$195K
-0.8%
4 $250.5K$257.9K
+3.0%
5+ $340K$175K
-48.5%

Summary: 77590 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 7.7%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 48.5%.

Median Sold Price Compared To Nearby Zip Codes

77568
+2.1%
77539
-3.5%
77590
-4.4%

Housing Supply in 77590, TX

How many homes are available in 77590, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
131156+19.1%

Summary: The 77590 real estate market had 156 homes for sale in March 2024, a 19.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 1017
+70.0%
3 8086
+7.5%
4 3745
+21.6%
5+ 47
+75.0%

Summary: The 77590 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 70%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2319-17.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77590, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 77590 in March 2024, down by 17.4% month-over-month. Of the 19 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.

Days on Market for 77590, TX

How long does it take to sell a home in 77590, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
52 Days64 Days+23.3%

Summary: Homes in 77590 had an average of 64 days on market in Mar 2024, up by 23.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77590 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 19 homes were sold in 77590; 42% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in 77590, TX

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