Is 77331, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77331 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 77331 has remained a Buyer's Market.

Key Takeaway

77331 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77331, TX

How much do homes in 77331, TX cost?

Median Sold Price

$285,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,000(-3.4%)

Key Takeaway

Homes in 77331 have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in 77331 was $285,000 in October 2024, down 3.4% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $146.5K$154.9K
+5.8%
2 $221.5K$210K
-5.2%
3 $293.4K$310K
+5.6%
4 $590K$700K
+18.6%
5+ $705K$1.3M
+87.2%

Summary: 77331 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 87.2%.

Median Sold Price Compared To Nearby Zip Codes

77364
+13.2%
77371
+6.3%
77331
-3.4%

Housing Supply in 77331, TX

How many homes are available in 77331, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8893+5.7%

Summary: The 77331 real estate market had 93 homes for sale in October 2024, a 5.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1417
+21.4%
3 5151
0.0%
4 1416
+14.3%
5+ 66
0.0%

Summary: The 77331 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 increased by 21.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
990.0%

Asking Price vs. Sold Price

5 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 77331, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 77331 in October 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for 77331, TX

How long does it take to sell a home in 77331, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
60 Days64 Days+6.6%

Summary: Homes in 77331 had an average of 64 days on market in Oct 2024, up by 6.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77331 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 77331; 56% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 44% 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 77331, TX

Nearby Markets to 77331, TX