$4,156 Closing Credit*
$350,000
1,380 SqFt
3 Beds
•2 Full Baths
Brandon Newton, Listing Office: Compass RE Texas, LLC - Houston
Is 75979, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 75979 was a Seller's Market.
Key Takeaway
75979 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 75979, TX
How much do homes in 75979, TX cost?
Median Sold Price
$175,000
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,000(+1.7%)
Key Takeaway
Homes in 75979 have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in 75979 was $175,000 in October 2024, up 1.7% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179K | $46K | -74.3% |
| 2 Bedrooms | $172K | $125K | -27.3% |
| 3 Bedrooms | $160K | $200K | +25.0% |
| 4 Bedrooms | $340K | $190K | -44.1% |
| 5+ Bedrooms | $106K | $345K | +225.5% |
Summary: 75979 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 74.3%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 44.1%, and 5+ bedroom homes increased by 225.5%.
Housing Supply in 75979, TX
How many homes are available in 75979, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 66 | +11.9% |
Summary: The 75979 real estate market had 66 homes for sale in October 2024, a 11.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 75979 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 75979, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 75979 in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 75979, TX
How long does it take to sell a home in 75979, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 150 Days | +113.4% |
Summary: Homes in 75979 had an average of 150 days on market in Oct 2024, up by 113.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 75979 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 2 homes were sold in 75979; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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