Is 77058, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77058 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 77058 has remained a Seller's Market.

Key Takeaway

77058 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77058, TX

How much do homes in 77058, TX cost?

Median Sold Price

$261,500

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,800(+11.9%)

Key Takeaway

Homes in 77058 have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in 77058 was $261,500 in November 2024, up 11.9% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $97K$108.6K
+12.0%
2 $165K$164K
-0.6%
3 $284.1K$317K
+11.6%
4 $370K$399.5K
+8.0%
5+ $390K$482.6K
+23.8%

Summary: 77058 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 23.8%.

Median Sold Price Compared To Nearby Zip Codes

77058
+11.9%
77598
+6.1%
77573
+4.3%
77059
+3.5%
77062
+3.3%

Housing Supply in 77058, TX

How many homes are available in 77058, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9599+4.2%

Summary: The 77058 real estate market had 99 homes for sale in November 2024, a 4.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1414
0.0%
2 4747
0.0%
3 2020
0.0%
4 1014
+40.0%
5+ 44
0.0%

Summary: The 77058 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1518+20.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77058, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 77058 in November 2024, up by 20.0% month-over-month. Of the 18 sold homes, 89% were sold under asking, 6% were sold at asking, and 6% were sold over asking.

Days on Market for 77058, TX

How long does it take to sell a home in 77058, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days60 Days+105.5%

Summary: Homes in 77058 had an average of 60 days on market in Nov 2024, up by 105.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77058 has remained consistent over time.

Summary: During November 2024, 18 homes were sold in 77058; 33% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 28% 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 21 Days Ago

Newest Listings in 77058, TX

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