Is 77868, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$268,004
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 77868 have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in 77868 was $268,004 in March 2024, up 9.6% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380.9K | $305K | -19.9% |
| 2 Bedrooms | $199.5K | $186K | -6.8% |
| 3 Bedrooms | $230K | $260K | +13.0% |
| 4 Bedrooms | $259K | $278.9K | +7.7% |
| 5+ Bedrooms | $465K | $2.9M | +523.7% |
Summary: 77868 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.9%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 523.7%.
Housing Supply in 77868, TX
How many homes are available in 77868, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 57 | +9.6% |
Summary: The 77868 real estate market had 57 homes for sale in March 2024, a 9.6% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 31 | 33 | +6.5% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 77868 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 25%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77868, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 77868 in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 53 Days | +119.1% |
Summary: Homes in 77868 had an average of 53 days on market in Mar 2024, up by 119.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 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 March 2024, 9 homes were sold in 77868; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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