Is 77045, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77045 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77045 was a Seller's Market.

Key Takeaway

77045 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 77045, TX

How much do homes in 77045, TX cost?

Median Sold Price

$230,000

$150/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in 77045 has remained the same since last year.

Summary: The median home sold price in 77045 was $230,000 in October 2024, the same as last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $319K$308K
-3.4%
3 $220K$225K
+2.3%
4 $263.5K$238K
-9.7%
5+ $210K$213.7K
+1.8%

Summary: 77045 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Zip Codes

77025
+20.8%
77045
0.0%
77035
-1.3%
77047
-3.5%

Housing Supply in 77045, TX

How many homes are available in 77045, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7183+16.9%

Summary: The 77045 real estate market had 83 homes for sale in October 2024, a 16.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 4957
+16.3%
4 2123
+9.5%
5+ 12
+100.0%

Summary: The 77045 housing inventory by bedroom type for October 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 16.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1013+30.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77045, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 77045 in October 2024, up by 30.0% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.

Days on Market for 77045, TX

How long does it take to sell a home in 77045, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days20 Days-23.6%

Summary: Homes in 77045 had an average of 20 days on market in Oct 2024, down by 23.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77045 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in 77045; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in 77045, TX

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