Is 77068, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77068 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77068 has remained a Seller's Market.

Key Takeaway

77068 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77068, TX

How much do homes in 77068, TX cost?

Median Sold Price

$333,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,000(+4.1%)

Key Takeaway

Homes in 77068 have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in 77068 was $333,000 in October 2024, up 4.1% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$195K
N/A
3 $295K$302.5K
+2.5%
4 $320K$330K
+3.1%
5+ $399.8K$405K
+1.3%

Summary: 77068 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 did not change, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 1.3%.

Median Sold Price Compared To Nearby Zip Codes

77069
+7.4%
77014
+6.5%
77068
+4.1%
77379
+2.6%
77090
0.0%

Housing Supply in 77068, TX

How many homes are available in 77068, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6882+20.6%

Summary: The 77068 real estate market had 82 homes for sale in October 2024, a 20.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1112
+9.1%
4 4650
+8.7%
5+ 1119
+72.7%

Summary: The 77068 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 9.1%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 72.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
914+55.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77068, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 77068 in October 2024, up by 55.6% month-over-month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.

Days on Market for 77068, TX

How long does it take to sell a home in 77068, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days52 Days+41.9%

Summary: Homes in 77068 had an average of 52 days on market in Oct 2024, up by 41.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77068 has remained consistent over time.

Summary: During October 2024, 14 homes were sold in 77068; 43% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 7% 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 13 Days Ago

Newest Listings in 77068, TX

Nearby Markets to 77068, TX