Is 77076, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77076 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 77076 has remained a Buyer's Market.

Key Takeaway

77076 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77076, TX

How much do homes in 77076, TX cost?

Median Sold Price

$250,000

$204/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$20,300(+8.8%)

Key Takeaway

Homes in 77076 have sold for 8.8% more than they did a month ago.

Summary: The median home sold price in 77076 was $250,000 in October 2024, up 8.8% from last month, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$250K
N/A
3 $229.7K$276.4K
+20.4%
4 $234.9K-
N/A
5+ --
N/A

Summary: 77076 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 20.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

77076
+8.8%
77037
-7.8%

Housing Supply in 77076, TX

How many homes are available in 77076, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5262+19.2%

Summary: The 77076 real estate market had 62 homes for sale in October 2024, a 19.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 78
+14.3%
3 3544
+25.7%
4 64
-33.3%
5+ 45
+25.0%

Summary: The 77076 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 25.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

3 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 77076, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 77076 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 77076, TX

How long does it take to sell a home in 77076, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
11 Days35 Days+221.8%

Summary: Homes in 77076 had an average of 35 days on market in Oct 2024, up by 221.8% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77076 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 77076; 60% of homes were sold within 30 days, 40% 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 23 Days Ago

Newest Listings in 77076, TX

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