Is 77338, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77338 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77338 has remained a Seller's Market.

Key Takeaway

77338 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77338, TX

How much do homes in 77338, TX cost?

Median Sold Price

$247,333

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,172(+3.4%)

Key Takeaway

Homes in 77338 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 77338 was $247,333 in October 2024, up 3.4% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $200K-
N/A
2 $136K$152.9K
+12.5%
3 $229K$235K
+2.6%
4 $261.2K$270K
+3.3%
5+ $300K$378.5K
+26.2%

Summary: 77338 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 26.2%.

Median Sold Price Compared To Nearby Zip Codes

77032
+5.2%
77338
+3.4%
77339
+3.3%
77073
0.0%
77396
-2.2%

Housing Supply in 77338, TX

How many homes are available in 77338, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
173169-2.3%

Summary: The 77338 real estate market had 169 homes for sale in October 2024, a 2.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1416
+14.3%
3 8680
-7.0%
4 6762
-7.5%
5+ 611
+83.3%

Summary: The 77338 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 14.3%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 83.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3740+8.1%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77338, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in 77338 in October 2024, up by 8.1% month-over-month. Of the 40 sold homes, 53% were sold under asking, 28% were sold at asking, and 20% were sold over asking.

Days on Market for 77338, TX

How long does it take to sell a home in 77338, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days50 Days+46.9%

Summary: Homes in 77338 had an average of 50 days on market in Oct 2024, up by 46.9% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77338 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 40 homes were sold in 77338; 55% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 20% 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 77338, TX

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