Is 77096, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77096 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77096 has remained a Seller's Market.

Key Takeaway

77096 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77096, TX

How much do homes in 77096, TX cost?

Median Sold Price

$427,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,500(+5.0%)

Key Takeaway

Homes in 77096 have sold for 5% more than they did a year ago.

Summary: The median home sold price in 77096 was $427,000 in October 2024, up 5% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $79K$94.5K
+19.6%
2 $164K$142.5K
-13.1%
3 $373.5K$399.9K
+7.1%
4 $465K$481.5K
+3.5%
5+ $643K$779K
+21.2%

Summary: 77096 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes decreased by 13.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 21.2%.

Median Sold Price Compared To Nearby Zip Codes

77074
+8.0%
77096
+5.0%
77071
+4.4%
77035
-1.3%

Housing Supply in 77096, TX

How many homes are available in 77096, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
120143+19.2%

Summary: The 77096 real estate market had 143 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 22
0.0%
3 6473
+14.1%
4 4656
+21.7%
5+ 812
+50.0%

Summary: The 77096 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 14.1%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2824-14.3%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77096, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 77096 in October 2024, down by 14.3% month-over-month. Of the 24 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.

Days on Market for 77096, TX

How long does it take to sell a home in 77096, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days39 Days+21.7%

Summary: Homes in 77096 had an average of 39 days on market in Oct 2024, up by 21.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

12 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 77096 has remained consistent over time.

Summary: During October 2024, 24 homes were sold in 77096; 46% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 4% 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 14 Days Ago

Newest Listings in 77096, TX

Nearby Markets to 77096, TX