Is 77059, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77059 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77059 has remained a Seller's Market.

Key Takeaway

77059 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77059, TX

How much do homes in 77059, TX cost?

Median Sold Price

$450,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,666(+5.6%)

Key Takeaway

Homes in 77059 have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in 77059 was $450,000 in October 2024, up 5.6% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $410K$407.5K
-0.6%
3 $372.5K$365K
-2.0%
4 $406K$435K
+7.1%
5+ $607K$631.2K
+4.0%

Summary: 77059 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 0.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 4%.

Median Sold Price Compared To Nearby Zip Codes

77058
+6.6%
77059
+5.6%
77062
+3.6%
77505
-0.5%

Housing Supply in 77059, TX

How many homes are available in 77059, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7989+12.7%

Summary: The 77059 real estate market had 89 homes for sale in October 2024, a 12.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1215
+25.0%
4 4446
+4.5%
5+ 2328
+21.7%

Summary: The 77059 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 21.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1317+30.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77059, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 77059 in October 2024, up by 30.8% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% were sold over asking.

Days on Market for 77059, TX

How long does it take to sell a home in 77059, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days35 Days+12.0%

Summary: Homes in 77059 had an average of 35 days on market in Oct 2024, up by 12% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77059 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 77059; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% 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 4 Days Ago

Newest Listings in 77059, TX

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