Is 77049, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77049 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77049 was a Seller's Market.

Key Takeaway

77049 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77049, TX

How much do homes in 77049, TX cost?

Median Sold Price

$250,000

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$16,990(-6.4%)

Key Takeaway

Homes in 77049 have sold for 6.4% less than they did a year ago.

Summary: The median home sold price in 77049 was $250,000 in November 2024, down 6.4% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $160.2K$195K
+21.7%
3 $243.2K$240K
-1.3%
4 $287K$275K
-4.2%
5+ $379.8K$320K
-15.7%

Summary: 77049 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 15.7%.

Median Sold Price Compared To Nearby Zip Codes

77015
+5.0%
77530
+3.7%
77044
+3.5%
77562
+3.0%
77049
-6.4%

Housing Supply in 77049, TX

How many homes are available in 77049, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
91109+19.8%

Summary: The 77049 real estate market had 109 homes for sale in November 2024, a 19.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 24
+100.0%
3 4959
+20.4%
4 2832
+14.3%
5+ 1113
+18.2%

Summary: The 77049 housing inventory by bedroom type for November 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 20.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
715+114.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77049, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 77049 in November 2024, up by 114.3% month-over-month. Of the 15 sold homes, 80% were sold under asking, 7% were sold at asking, and 13% were sold over asking.

Days on Market for 77049, TX

How long does it take to sell a home in 77049, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days43 Days+102.3%

Summary: Homes in 77049 had an average of 43 days on market in Nov 2024, up by 102.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77049 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 15 homes were sold in 77049; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% 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 2 Days Ago

Newest Listings in 77049, TX

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