Is 77868, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, 77868 was a Seller's Market.
Key Takeaway
77868 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 77868, TX
How much do homes in 77868, TX cost?
Median Sold Price
$260,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in 77868 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 77868 was $260,000 in June 2024, up 4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380K | $305K | -19.7% |
| 2 Bedrooms | $186K | $172K | -7.5% |
| 3 Bedrooms | $237K | $250K | +5.5% |
| 4 Bedrooms | $260.6K | $267K | +2.4% |
| 5+ Bedrooms | $465K | $1.7M | +275.4% |
Summary: 77868 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.7%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 275.4%.
Median Sold Price Compared To Nearby Zip Codes
| 77363 | $512.5K | $670K | +30.7% |
| 77868 | $250K | $260K | +4.0% |
Housing Supply in 77868, TX
How many homes are available in 77868, TX?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 99 | 90 | -9.1% |
Summary: The 77868 real estate market had 90 homes for sale in June 2024, a 9.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 45 | 45 | 0.0% |
| 4 Bedrooms | 43 | 36 | -16.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 77868 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 77868, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 77868 in June 2024, down by 30.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 36% were sold at asking, and 7% were sold over asking.
Days on Market for 77868, TX
How long does it take to sell a home in 77868, TX?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 59 Days | 33 Days | -43.4% |
Summary: Homes in 77868 had an average of 33 days on market in Jun 2024, down by 43.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77868 are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 14 homes were sold in 77868; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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