Is 77304, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77304 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77304 was a Seller's Market.

Key Takeaway

77304 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77304, TX

How much do homes in 77304, TX cost?

Median Sold Price

$339,360

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$4,928(+1.5%)

Key Takeaway

Homes in 77304 have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in 77304 was $339,360 in November 2024, up 1.5% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $176.4K$205K
+16.2%
2 $225K$283.4K
+26.0%
3 $309.8K$300K
-3.2%
4 $354.7K$380.2K
+7.2%
5+ $520.1K$557K
+7.1%

Summary: 77304 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 26%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 7.1%.

Median Sold Price Compared To Nearby Zip Codes

77304
+1.5%
77301
+0.7%
77318
0.4%
77384
-6.1%
77303
-7.6%

Housing Supply in 77304, TX

How many homes are available in 77304, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
299321+7.4%

Summary: The 77304 real estate market had 321 homes for sale in November 2024, a 7.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 85
-37.5%
3 120128
+6.7%
4 132145
+9.8%
5+ 3943
+10.3%

Summary: The 77304 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 10.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
45450.0%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77304, you may be able to get a good deal. 71.1% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 77304 in November 2024, the same as the previous month. Of the 45 sold homes, 71% were sold under asking, 24% were sold at asking, and 4% were sold over asking.

Days on Market for 77304, TX

How long does it take to sell a home in 77304, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
58 Days57 Days-0.7%

Summary: Homes in 77304 had an average of 57 days on market in Nov 2024, down by 0.7% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77304 has remained consistent over time.

Summary: During November 2024, 45 homes were sold in 77304; 40% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 18% 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 77304, TX

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