Is 77449, 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, 77449 has remained a Seller's Market.
Key Takeaway
77449 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 77449, TX
How much do homes in 77449, TX cost?
Median Sold Price
$288,990
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in 77449 has remained the same since last year.
Summary: The median home sold price in 77449 was $288,990 in May 2024, down 0.3% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $208K | +4.0% |
| 3 Bedrooms | $270K | $270K | 0.0% |
| 4 Bedrooms | $315.3K | $309.9K | -1.7% |
| 5+ Bedrooms | $363K | $380K | +4.7% |
Summary: 77449 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 4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 4.7%.
Housing Supply in 77449, TX
How many homes are available in 77449, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 425 | 498 | +17.2% |
Summary: The 77449 real estate market had 498 homes for sale in May 2024, a 17.2% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 187 | 224 | +19.8% |
| 4 Bedrooms | 200 | 233 | +16.5% |
| 5+ Bedrooms | 32 | 34 | +6.3% |
Summary: The 77449 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 16.7%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 97 | 102 | +5.2% |
Asking Price vs. Sold Price
62 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77449, you may be able to get a good deal. 60.8% of homes here sold below asking price last month.
Summary: A total of 102 homes were sold or pending in 77449 in May 2024, up by 5.2% month-over-month. Of the 102 sold homes, 61% were sold under asking, 22% were sold at asking, and 18% were sold over asking.
Days on Market for 77449, TX
How long does it take to sell a home in 77449, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 29 Days | -6.0% |
Summary: Homes in 77449 had an average of 29 days on market in May 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77449 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 102 homes were sold in 77449; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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