Is 77373, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 77373 was a Seller's Market.
Key Takeaway
77373 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77373, TX
How much do homes in 77373, TX cost?
Median Sold Price
$250,000
$138/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in 77373 has remained the same since last year.
Summary: The median home sold price in 77373 was $250,000 in May 2024, the same as last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $156.5K | N/A |
| 2 Bedrooms | $180K | $170K | -5.6% |
| 3 Bedrooms | $234.3K | $235K | 0.3% |
| 4 Bedrooms | $284.9K | $277.6K | -2.6% |
| 5+ Bedrooms | $380K | $375K | -1.3% |
Summary: 77373 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 1.3%.
Housing Supply in 77373, TX
How many homes are available in 77373, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 341 | 385 | +12.9% |
Summary: The 77373 real estate market had 385 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 172 | 192 | +11.6% |
| 4 Bedrooms | 132 | 152 | +15.2% |
| 5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The 77373 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 86 | 51 | -40.7% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77373, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in 77373 in May 2024, down by 40.7% month-over-month. Of the 51 sold homes, 59% were sold under asking, 29% were sold at asking, and 12% were sold over asking.
Days on Market for 77373, TX
How long does it take to sell a home in 77373, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 35 Days | -6.9% |
Summary: Homes in 77373 had an average of 35 days on market in May 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77373 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 51 homes were sold in 77373; 55% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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