Is 77075, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77075 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77075 has remained a Seller's Market.

Key Takeaway

77075 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77075, TX

How much do homes in 77075, TX cost?

Median Sold Price

$265,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,000(-0.7%)

Key Takeaway

Homes in 77075 have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in 77075 was $265,000 in October 2024, down 0.7% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $380K$139.4K
-63.3%
3 $245K$260K
+6.1%
4 $290.4K$290K
-0.2%
5+ $310K$307.5K
-0.8%

Summary: 77075 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 63.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

77017
+9.0%
77089
+3.9%
77075
-0.7%
77034
-1.6%

Housing Supply in 77075, TX

How many homes are available in 77075, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7387+19.2%

Summary: The 77075 real estate market had 87 homes for sale in October 2024, a 19.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 4453
+20.5%
4 2627
+3.8%
5+ 25
+150.0%

Summary: The 77075 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 20.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1217+41.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77075, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 77075 in October 2024, up by 41.7% month-over-month. Of the 17 sold homes, 59% were sold under asking, 12% were sold at asking, and 29% were sold over asking.

Days on Market for 77075, TX

How long does it take to sell a home in 77075, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days29 Days-22.2%

Summary: Homes in 77075 had an average of 29 days on market in Oct 2024, down by 22.2% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77075 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 77075; 59% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 0% 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 77075, TX

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