Is 77450, 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, 77450 has remained a Seller's Market.
Housing Prices in 77450, TX
How much do homes in 77450, TX cost?
Median Sold Price
$395,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77450 was $395,000 in May 2024, up 0.7% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $236.2K | $254K | +7.5% |
3 Bedrooms | $290K | $305K | +5.2% |
4 Bedrooms | $419.7K | $430K | +2.5% |
5+ Bedrooms | $607.5K | $600K | -1.2% |
Summary: 77450 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 7.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 1.2%.
Housing Supply in 77450, TX
How many homes are available in 77450, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
222 | 251 | +13.1% |
Summary: The 77450 real estate market had 251 homes for sale in May 2024, a 13.1% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 77 | 75 | -2.6% |
4 Bedrooms | 112 | 135 | +20.5% |
5+ Bedrooms | 31 | 38 | +22.6% |
Summary: The 77450 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 50%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 22.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 64 | -8.6% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in 77450 in May 2024, down by 8.6% month-over-month. Of the 64 sold homes, 52% were sold under asking, 13% were sold at asking, and 36% were sold over asking.
Days on Market for 77450, TX
How long does it take to sell a home in 77450, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 19 Days | -21.8% |
Summary: Homes in 77450 had an average of 19 days on market in May 2024, down by 21.8% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 64 homes were sold in 77450; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.