Is 77320, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77320 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77320 was a Seller's Market.

Key Takeaway

77320 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77320, TX

How much do homes in 77320, TX cost?

Median Sold Price

$244,245

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,035(-1.6%)

Key Takeaway

Homes in 77320 have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in 77320 was $244,245 in October 2024, down 1.6% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $74.4K$215K
+188.8%
2 $147.5K$160K
+8.5%
3 $254.8K$240K
-5.8%
4 $257.7K$257K
-0.2%
5+ $266.7K$580K
+117.4%

Summary: 77320 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 188.8%, 2 bedroom homes increased by 8.5%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 117.4%.

Median Sold Price Compared To Nearby Zip Codes

77340
+9.6%
75862
+7.5%
77320
-1.6%

Housing Supply in 77320, TX

How many homes are available in 77320, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
160175+9.4%

Summary: The 77320 real estate market had 175 homes for sale in October 2024, a 9.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 98
-11.1%
2 2023
+15.0%
3 8998
+10.1%
4 3941
+5.1%
5+ 35
+66.7%

Summary: The 77320 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1119+72.7%

Asking Price vs. Sold Price

15 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 77320, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 77320 in October 2024, up by 72.7% month-over-month. Of the 19 sold homes, 79% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for 77320, TX

How long does it take to sell a home in 77320, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
77 Days65 Days-16.0%

Summary: Homes in 77320 had an average of 65 days on market in Oct 2024, down by 16% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77320 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 77320; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% 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 20 Days Ago

Newest Listings in 77320, TX

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