Is 77630, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77630 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 77630 was a Seller's Market.

Key Takeaway

77630 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77630, TX

How much do homes in 77630, TX cost?

Median Sold Price

$229,500

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$54,550(+31.2%)

Key Takeaway

Homes in 77630 have sold for 31.2% more than they did a year ago.

Summary: The median home sold price in 77630 was $229,500 in March 2024, up 31.2% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $26K$55K
+111.5%
2 $70K$72K
+2.9%
3 $170K$229K
+34.7%
4 $250K$282.3K
+13.0%
5+ --
N/A

Summary: 77630 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 111.5%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 34.7%, 4 bedroom homes increased by 13%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

77630
+31.2%
77611
+4.1%

Housing Supply in 77630, TX

How many homes are available in 77630, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4750+6.4%

Summary: The 77630 real estate market had 50 homes for sale in March 2024, a 6.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2631
+19.2%
4 1311
-15.4%
5+ 55
0.0%

Summary: The 77630 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 19.2%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77630, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 77630 in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 77630, TX

How long does it take to sell a home in 77630, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
63 Days59 Days-6.0%

Summary: Homes in 77630 had an average of 59 days on market in Mar 2024, down by 6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77630 has remained consistent over time.

Summary: During March 2024, 7 homes were sold in 77630; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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 28 Days Ago

Newest Listings in 77630, TX

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