$3,325 Closing Credit*
$280,000
2,035 SqFt
3 Beds
•2 Full Baths
Herbert Anderson, Listing Office: US Realty Associates
Is 77340, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 77340 was a Seller's Market.
Key Takeaway
77340 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77340, TX
How much do homes in 77340, TX cost?
Median Sold Price
$312,500
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+9.6%)
Key Takeaway
Homes in 77340 have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in 77340 was $312,500 in October 2024, up 9.6% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | $120K | -24.5% |
| 2 Bedrooms | $249K | $190K | -23.7% |
| 3 Bedrooms | $305K | $310K | +1.6% |
| 4 Bedrooms | $285K | $352.2K | +23.6% |
| 5+ Bedrooms | $453K | $466.5K | +3.0% |
Summary: 77340 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.5%, 2 bedroom homes decreased by 23.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 3%.
Housing Supply in 77340, TX
How many homes are available in 77340, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 140 | 153 | +9.3% |
Summary: The 77340 real estate market had 153 homes for sale in October 2024, a 9.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 78 | 86 | +10.3% |
| 4 Bedrooms | 43 | 46 | +7.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 77340 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 remained the same, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 12 | -40.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77340, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 77340 in October 2024, down by 40.0% month-over-month. Of the 12 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for 77340, TX
How long does it take to sell a home in 77340, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 49 Days | -31.1% |
Summary: Homes in 77340 had an average of 49 days on market in Oct 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77340 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 77340; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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