Is 77327, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77327 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 77327 has remained a Buyer's Market.

Key Takeaway

77327 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77327, TX

How much do homes in 77327, TX cost?

Median Sold Price

$240,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$453(+0.2%)

Key Takeaway

The sold price of homes in 77327 has remained the same since last year.

Summary: The median home sold price in 77327 was $240,000 in October 2024, up 0.2% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $207K$91K
-56.0%
2 $181.5K$144.7K
-20.2%
3 $223.4K$237.7K
+6.4%
4 $276.4K$259.9K
-6.0%
5+ $345K$258.7K
-25.0%

Summary: 77327 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56%, 2 bedroom homes decreased by 20.2%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 25%.

Median Sold Price Compared To Nearby Zip Codes

77371
+6.3%
77327
0.2%
77372
-8.4%

Housing Supply in 77327, TX

How many homes are available in 77327, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
278302+8.6%

Summary: The 77327 real estate market had 302 homes for sale in October 2024, a 8.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 67
+16.7%
2 2528
+12.0%
3 124139
+12.1%
4 8998
+10.1%
5+ 3430
-11.8%

Summary: The 77327 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 12%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 11.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2625-3.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77327, expect to pay close to the asking price. 52% of homes here sold near the asking price last month.

Summary: A total of 25 homes were sold or pending in 77327 in October 2024, down by 3.8% month-over-month. Of the 25 sold homes, 28% were sold under asking, 52% were sold at asking, and 20% were sold over asking.

Days on Market for 77327, TX

How long does it take to sell a home in 77327, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
51 Days70 Days+36.4%

Summary: Homes in 77327 had an average of 70 days on market in Oct 2024, up by 36.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77327 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in 77327; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 28% 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 77327, TX

Nearby Markets to 77327, TX