Is 77651, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 77651 was a Seller's Market.
Housing Prices in 77651, TX
How much do homes in 77651, TX cost?
Median Sold Price
$420,000
$154/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in 77651 was $420,000 in May 2024, up 94.9% from last month, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $68K | $200K | +194.1% |
3 Bedrooms | $252K | - | N/A |
4 Bedrooms | - | $420K | N/A |
5+ Bedrooms | - | $625K | N/A |
Summary: 77651 housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 194.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
77651 | $215.5K | $420K | +94.9% |
77627 | $273.5K | $218K | -20.3% |
Housing Supply in 77651, TX
How many homes are available in 77651, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Summary: The 77651 real estate market had 19 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 77651 housing inventory by bedroom type for May 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 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 77651 in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 77651, TX
How long does it take to sell a home in 77651, TX?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 Days | 10 Days | -80.7% |
Summary: Homes in 77651 had an average of 10 days on market in May 2024, down by 80.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in 77651; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.