Is 77377, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 77377 has remained a Seller's Market.
Housing Prices in 77377, TX
How much do homes in 77377, TX cost?
Median Sold Price
$410,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77377 was $410,000 in May 2024, up 5.2% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235K | $432.5K | +84.0% |
3 Bedrooms | $325K | $340K | +4.6% |
4 Bedrooms | $420K | $450K | +7.1% |
5+ Bedrooms | $519K | $588K | +13.3% |
Summary: 77377 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 increased by 84%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 13.3%.
Housing Supply in 77377, TX
How many homes are available in 77377, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
225 | 305 | +35.6% |
Summary: The 77377 real estate market had 305 homes for sale in May 2024, a 35.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 69 | 93 | +34.8% |
4 Bedrooms | 128 | 183 | +43.0% |
5+ Bedrooms | 25 | 23 | -8.0% |
Summary: The 77377 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 34.8%, 4 bedroom homes increased by 43%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 52 | +10.6% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in 77377 in May 2024, up by 10.6% month-over-month. Of the 52 sold homes, 71% were sold under asking, 15% were sold at asking, and 13% were sold over asking.
Days on Market for 77377, TX
How long does it take to sell a home in 77377, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 30 Days | -24.7% |
Summary: Homes in 77377 had an average of 30 days on market in May 2024, down by 24.7% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 52 homes were sold in 77377; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.