Is 77098, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77098 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77098 was a Seller's Market.

Key Takeaway

77098 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77098, TX

How much do homes in 77098, TX cost?

Median Sold Price

$770,000

$298/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$53,750(+7.5%)

Key Takeaway

Homes in 77098 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 77098 was $770,000 in October 2024, up 7.5% from last year, and the median price per square foot was $298.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $225K$222K
-1.3%
2 $565K$548.9K
-2.8%
3 $675K$842.5K
+24.8%
4 $1.3M$1.0M
-18.9%
5+ $1.9M$1.1M
-43.9%

Summary: 77098 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 24.8%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes decreased by 43.9%.

Median Sold Price Compared To Nearby Zip Codes

77005
+21.7%
77098
+7.5%
77006
+5.5%
77019
+0.8%

Housing Supply in 77098, TX

How many homes are available in 77098, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
78107+37.2%

Summary: The 77098 real estate market had 107 homes for sale in October 2024, a 37.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1214
+16.7%
2 2432
+33.3%
3 2232
+45.5%
4 1825
+38.9%
5+ 24
+100.0%

Summary: The 77098 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
912+33.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77098, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 77098 in October 2024, up by 33.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 77098, TX

How long does it take to sell a home in 77098, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days34 Days+27.6%

Summary: Homes in 77098 had an average of 34 days on market in Oct 2024, up by 27.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77098 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 77098; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 77098, TX

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