Is 77301, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77301 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77301 has remained a Seller's Market.

Key Takeaway

77301 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77301, TX

How much do homes in 77301, TX cost?

Median Sold Price

$270,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$147(-0.1%)

Key Takeaway

The sold price of homes in 77301 has remained the same since last year.

Summary: The median home sold price in 77301 was $270,000 in October 2024, down 0.1% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$127.5K
N/A
2 $182.5K$187K
+2.5%
3 $250.2K$248.2K
-0.8%
4 $299.9K$299K
-0.3%
5+ $425K$440.4K
+3.6%

Summary: 77301 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 increased by 2.5%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Zip Codes

77304
+1.1%
77301
-0.1%
77302
-6.5%
77303
-10.0%

Housing Supply in 77301, TX

How many homes are available in 77301, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
214242+13.1%

Summary: The 77301 real estate market had 242 homes for sale in October 2024, a 13.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 710
+42.9%
3 109124
+13.8%
4 8388
+6.0%
5+ 1520
+33.3%

Summary: The 77301 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 42.9%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4342-2.3%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77301, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in 77301 in October 2024, down by 2.3% month-over-month. Of the 42 sold homes, 45% were sold under asking, 43% were sold at asking, and 12% were sold over asking.

Days on Market for 77301, TX

How long does it take to sell a home in 77301, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days48 Days+17.1%

Summary: Homes in 77301 had an average of 48 days on market in Oct 2024, up by 17.1% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77301 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 42 homes were sold in 77301; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 19% 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 77301, TX

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