Is 77807, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77807 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 77807 has remained a Seller's Market.

Key Takeaway

77807 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77807, TX

How much do homes in 77807, TX cost?

Median Sold Price

$262,500

$169/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$23,105(-8.1%)

Key Takeaway

Homes in 77807 have sold for 8.1% less than they did a month ago.

Summary: The median home sold price in 77807 was $262,500 in April 2024, down 8.1% from last month, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $285.6K$262.5K
-8.1%
4 $258.5K-
N/A
5+ $1.0M-
N/A

Summary: 77807 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

77803
+4.6%
77807
-8.1%
77801
-62.4%

Housing Supply in 77807, TX

How many homes are available in 77807, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3638+5.6%

Summary: The 77807 real estate market had 38 homes for sale in April 2024, a 5.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2224
+9.1%
4 1111
0.0%
5+ 33
0.0%

Summary: The 77807 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
880.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77807, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 77807 in April 2024, the same as the previous month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.

Days on Market for 77807, TX

How long does it take to sell a home in 77807, TX?

Average Sale Time

Mar 2024Apr 2024CHANGE
70 Days21 Days-69.0%

Summary: Homes in 77807 had an average of 21 days on market in Apr 2024, down by 69% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77807 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 8 homes were sold in 77807; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 7 Days Ago

Newest Listings in 77807, TX

Nearby Markets to 77807, TX