Is 77351, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77351 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77351 was a Neutral Market.

Key Takeaway

77351 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77351, TX

How much do homes in 77351, TX cost?

Median Sold Price

$250,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,000(+6.4%)

Key Takeaway

Homes in 77351 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 77351 was $250,000 in October 2024, up 6.4% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $90K$150K
+66.7%
2 $155K$160K
+3.2%
3 $269.4K$280K
+3.9%
4 $385K$380K
-1.3%
5+ $410K$720K
+75.6%

Summary: 77351 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 75.6%.

Housing Supply in 77351, TX

How many homes are available in 77351, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
281301+7.1%

Summary: The 77351 real estate market had 301 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1316
+23.1%
2 5558
+5.5%
3 146158
+8.2%
4 5152
+2.0%
5+ 1617
+6.3%

Summary: The 77351 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3128-9.7%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77351, you may be able to get a good deal. 82.1% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 77351 in October 2024, down by 9.7% month-over-month. Of the 28 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.

Days on Market for 77351, TX

How long does it take to sell a home in 77351, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
60 Days94 Days+56.2%

Summary: Homes in 77351 had an average of 94 days on market in Oct 2024, up by 56.2% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 77351 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 28 homes were sold in 77351; 36% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 43% 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

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