Is 77868, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77868 is a buyer's market

Buyer's
Market

Difference Since January 2023

Since last year, 77868 has remained a Buyer's Market.

Key Takeaway

77868 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77868, TX

How much do homes in 77868, TX cost?

Median Sold Price

$283,960

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$48,460(+20.6%)

Key Takeaway

Homes in 77868 have sold for 20.6% more than they did a year ago.

Summary: The median home sold price in 77868 was $283,960 in January 2024, up 20.6% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $380.9K$305K
-19.9%
2 $200K$199.5K
-0.3%
3 $225K$292.5K
+30.0%
4 $284.5K$280.4K
-1.4%
5+ $387K$1.9M
+409.0%

Summary: 77868 housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.9%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 409%.

Median Sold Price Compared To Nearby Zip Codes

77363
+35.5%
77868
+20.6%

Housing Supply in 77868, TX

How many homes are available in 77868, TX?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
3248+50.0%

Summary: The 77868 real estate market had 48 homes for sale in January 2024, a 50.0% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1930
+57.9%
4 1012
+20.0%
5+ 13
+200.0%

Summary: The 77868 housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 57.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77868, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 77868 in January 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% 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

Jan 2023Jan 2024CHANGE
157 Days118 Days-24.6%

Summary: Homes in 77868 had an average of 118 days on market in Jan 2024, down by 24.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 77868 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2024, 3 homes were sold in 77868; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 21 Days Ago

Newest Listings in 77868, TX

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