Is 77328, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77328 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77328 was a Seller's Market.

Key Takeaway

77328 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77328, TX

How much do homes in 77328, TX cost?

Median Sold Price

$292,500

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,002(+6.6%)

Key Takeaway

Homes in 77328 have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in 77328 was $292,500 in November 2024, up 6.6% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $188.7K$140K
-25.8%
2 $176K$250K
+42.0%
3 $265K$275K
+3.8%
4 $308.4K$405K
+31.3%
5+ $430K$400K
-7.0%

Summary: 77328 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.8%, 2 bedroom homes increased by 42%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 7%.

Median Sold Price Compared To Nearby Zip Codes

77328
+6.6%
77306
+0.6%
77378
-1.9%
77372
-5.4%
77303
-7.6%

Housing Supply in 77328, TX

How many homes are available in 77328, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98114+16.3%

Summary: The 77328 real estate market had 114 homes for sale in November 2024, a 16.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 811
+37.5%
3 5061
+22.0%
4 2831
+10.7%
5+ 1211
-8.3%

Summary: The 77328 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 increased by 37.5%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
811+37.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77328, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 77328 in November 2024, up by 37.5% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.

Days on Market for 77328, TX

How long does it take to sell a home in 77328, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
64 Days103 Days+59.3%

Summary: Homes in 77328 had an average of 103 days on market in Nov 2024, up by 59.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 77328 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 11 homes were sold in 77328; 27% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% 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 77328, TX

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