Is 77386, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 77386 has remained a Seller's Market.
Key Takeaway
77386 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 77386, TX
How much do homes in 77386, TX cost?
Median Sold Price
$373,950
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 77386 have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in 77386 was $373,950 in April 2024, down 0.8% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $190K | N/A |
| 2 Bedrooms | $214K | $225.6K | +5.4% |
| 3 Bedrooms | $301K | $290K | -3.7% |
| 4 Bedrooms | $415K | $418K | +0.7% |
| 5+ Bedrooms | $675K | $792.4K | +17.4% |
Summary: 77386 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 17.4%.
Housing Supply in 77386, TX
How many homes are available in 77386, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 274 | 336 | +22.6% |
Summary: The 77386 real estate market had 336 homes for sale in April 2024, a 22.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 81 | 100 | +23.5% |
| 4 Bedrooms | 149 | 184 | +23.5% |
| 5+ Bedrooms | 39 | 48 | +23.1% |
Summary: The 77386 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 75 | +17.2% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77386, you may be able to get a good deal. 62.7% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in 77386 in April 2024, up by 17.2% month-over-month. Of the 75 sold homes, 63% were sold under asking, 24% were sold at asking, and 13% were sold over asking.
Days on Market for 77386, TX
How long does it take to sell a home in 77386, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 36 Days | -6.2% |
Summary: Homes in 77386 had an average of 36 days on market in Apr 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77386 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 75 homes were sold in 77386; 64% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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