$6,625 Closing Credit*
$557,863
2,631 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jimmy Franklin, Listing Office: Shea Homes
Is 77302, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 77302 has remained a Buyer's Market.
Key Takeaway
77302 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77302, TX
How much do homes in 77302, TX cost?
Median Sold Price
$350,675
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$24,324(-6.5%)
Key Takeaway
Homes in 77302 have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in 77302 was $350,675 in October 2024, down 6.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | - | N/A |
| 2 Bedrooms | $298.5K | $215K | -28.0% |
| 3 Bedrooms | $288.9K | $300K | +3.8% |
| 4 Bedrooms | $412.4K | $390K | -5.4% |
| 5+ Bedrooms | $472.5K | $569K | +20.4% |
Summary: 77302 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 decreased by 28%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 20.4%.
Housing Supply in 77302, TX
How many homes are available in 77302, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 277 | 295 | +6.5% |
Summary: The 77302 real estate market had 295 homes for sale in October 2024, a 6.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 92 | 103 | +12.0% |
| 4 Bedrooms | 155 | 158 | +1.9% |
| 5+ Bedrooms | 29 | 33 | +13.8% |
Summary: The 77302 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 12%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77302, you may be able to get a good deal. 71.8% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 77302 in October 2024, up by 2.6% month-over-month. Of the 39 sold homes, 72% were sold under asking, 18% were sold at asking, and 10% were sold over asking.
Days on Market for 77302, TX
How long does it take to sell a home in 77302, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 52 Days | -7.5% |
Summary: Homes in 77302 had an average of 52 days on market in Oct 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77302 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 39 homes were sold in 77302; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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