Is 77802, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 77802 has remained a Seller's Market.
Key Takeaway
77802 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 77802, TX
How much do homes in 77802, TX cost?
Median Sold Price
$298,750
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 77802 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 77802 was $298,750 in April 2024, up 6.7% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189K | $209.7K | +11.0% |
| 3 Bedrooms | $276.4K | $276.5K | 0.0% |
| 4 Bedrooms | $343.5K | $365K | +6.3% |
| 5+ Bedrooms | $297.5K | $597.5K | +100.8% |
Summary: 77802 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11%, 3 bedroom homes did not change, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 100.8%.
Median Sold Price Compared To Nearby Zip Codes
| 77802 | $280K | $298.7K | +6.7% |
| 77845 | $353.3K | $349.1K | -1.2% |
Housing Supply in 77802, TX
How many homes are available in 77802, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 47 | +27.0% |
Summary: The 77802 real estate market had 47 homes for sale in April 2024, a 27.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 77802 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 16 | +300.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77802, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 77802 in April 2024, up by 300.0% month-over-month. Of the 16 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% were sold over asking.
Days on Market for 77802, TX
How long does it take to sell a home in 77802, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 46 Days | -32.7% |
Summary: Homes in 77802 had an average of 46 days on market in Apr 2024, down by 32.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77802 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in 77802; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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