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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77096 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77096 was a Seller's Market.

Key Takeaway

77096 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77096, TX

How much do homes in 77096, TX cost?

Median Sold Price

$429,000

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,875(+4.6%)

Key Takeaway

Homes in 77096 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 77096 was $429,000 in November 2024, up 4.6% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $79K$94.5K
+19.6%
2 $163K$150K
-8.0%
3 $374.5K$391K
+4.4%
4 $465K$485K
+4.3%
5+ $643K$760K
+18.2%

Summary: 77096 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 18.2%.

Median Sold Price Compared To Nearby Zip Codes

77096
+4.6%
77074
+3.4%
77071
0.0%
77035
-6.2%

Housing Supply in 77096, TX

How many homes are available in 77096, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
123145+17.9%

Summary: The 77096 real estate market had 145 homes for sale in November 2024, a 17.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 21
-50.0%
3 6268
+9.7%
4 4965
+32.7%
5+ 1010
0.0%

Summary: The 77096 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2419-20.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 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. 68.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 77096 in November 2024, down by 20.8% month-over-month. Of the 19 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% 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

Nov 2023Nov 2024CHANGE
24 Days31 Days+30.4%

Summary: Homes in 77096 had an average of 31 days on market in Nov 2024, up by 30.4% compared to last year.

Breakdown of Home Sale Times

11 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

Many homes in 77096 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in 77096; 58% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 5% 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 21 Days Ago

Newest Listings in 77096, TX

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