Is 77069, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77069 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77069 was a Seller's Market.

Key Takeaway

77069 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 77069, TX

How much do homes in 77069, TX cost?

Median Sold Price

$349,000

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,000(+7.4%)

Key Takeaway

Homes in 77069 have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in 77069 was $349,000 in October 2024, up 7.4% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $135.5K$125.5K
-7.4%
2 $164.2K$176K
+7.2%
3 $294.5K$298.7K
+1.4%
4 $395K$390K
-1.3%
5+ $485K$480K
-1.0%

Summary: 77069 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 1%.

Median Sold Price Compared To Nearby Zip Codes

77069
+7.4%
77068
+4.1%
77379
+2.6%
77070
+2.0%
77066
-3.7%

Housing Supply in 77069, TX

How many homes are available in 77069, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
136164+20.6%

Summary: The 77069 real estate market had 164 homes for sale in October 2024, a 20.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 66
0.0%
2 2125
+19.0%
3 4646
0.0%
4 4567
+48.9%
5+ 1820
+11.1%

Summary: The 77069 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 19%, 3 bedroom homes remained the same, 4 bedroom homes increased by 48.9%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2027+35.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77069, you may be able to get a good deal. 63% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 77069 in October 2024, up by 35.0% month-over-month. Of the 27 sold homes, 63% were sold under asking, 15% were sold at asking, and 22% were sold over asking.

Days on Market for 77069, TX

How long does it take to sell a home in 77069, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days63 Days+136.2%

Summary: Homes in 77069 had an average of 63 days on market in Oct 2024, up by 136.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77069 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in 77069; 41% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 22% 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

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