Is 77845, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 77845 has remained a Seller's Market.
Housing Prices in 77845, TX
How much do homes in 77845, TX cost?
Median Sold Price
$350,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77845 was $350,000 in March 2024, down 1.8% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $232.5K | - | N/A |
2 Bedrooms | $254.2K | $270K | +6.2% |
3 Bedrooms | $298.2K | $300K | +0.6% |
4 Bedrooms | $522K | $530K | +1.5% |
5+ Bedrooms | $459.4K | $650K | +41.5% |
Summary: 77845 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 41.5%.
Median Sold Price Compared To Nearby Zip Codes
77802 | $285K | $295K | +3.5% |
77801 | $275K | $280.9K | +2.2% |
77845 | $356.3K | $350K | -1.8% |
Housing Supply in 77845, TX
How many homes are available in 77845, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 125 | +17.9% |
Summary: The 77845 real estate market had 125 homes for sale in March 2024, a 17.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 37 | 40 | +8.1% |
4 Bedrooms | 54 | 64 | +18.5% |
5+ Bedrooms | 10 | 17 | +70.0% |
Summary: The 77845 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 decreased by 20%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 70%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 22 | -15.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 77845 in March 2024, down by 15.4% month-over-month. Of the 21 sold homes, 67% were sold under asking, 19% were sold at asking, and 14% were sold over asking.
Days on Market for 77845, TX
How long does it take to sell a home in 77845, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 55 Days | -6.6% |
Summary: Homes in 77845 had an average of 55 days on market in Mar 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 77845; 41% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.