Is 77830, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77830 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 77830 was a Neutral Market.

Key Takeaway

77830 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77830, TX

How much do homes in 77830, TX cost?

Median Sold Price

$474,900

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$79,900(+20.2%)

Key Takeaway

Homes in 77830 have sold for 20.2% more than they did a year ago.

Summary: The median home sold price in 77830 was $474,900 in March 2024, up 20.2% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $385K$418.7K
+8.8%
2 $254.2K$275K
+8.2%
3 $385K$615K
+59.7%
4 $750K$450.9K
-39.9%
5+ -$610K
N/A

Summary: 77830 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 59.7%, 4 bedroom homes decreased by 39.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

77363
+52.6%
77830
+20.2%
77868
+9.6%
77861
-42.3%

Housing Supply in 77830, TX

How many homes are available in 77830, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2016-20.0%

Summary: The 77830 real estate market had 16 homes for sale in March 2024, a 20.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 01
+100.0%
3 76
-14.3%
4 106
-40.0%
5+ 22
0.0%

Summary: The 77830 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 increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77830, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 77830 in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 77830, TX

How long does it take to sell a home in 77830, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
26 Days171 Days+557.7%

Summary: Homes in 77830 had an average of 171 days on market in Mar 2024, up by 557.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 77830 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 2 homes were sold in 77830; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 77830, TX

Nearby Markets to 77830, TX