Is 77354, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77354 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77354 was a Seller's Market.

Key Takeaway

77354 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77354, TX

How much do homes in 77354, TX cost?

Median Sold Price

$360,524

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,053(+3.2%)

Key Takeaway

Homes in 77354 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 77354 was $360,524 in November 2024, up 3.2% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$107.5K
N/A
2 $485K$425K
-12.4%
3 $295K$298.7K
+1.3%
4 $392.9K$388.5K
-1.1%
5+ $620K$712K
+14.8%

Summary: 77354 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 14.8%.

Median Sold Price Compared To Nearby Zip Codes

77382
+13.1%
77355
+10.4%
77316
+4.9%
77354
+3.2%
77362
0.1%

Housing Supply in 77354, TX

How many homes are available in 77354, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
474478+0.8%

Summary: The 77354 real estate market had 478 homes for sale in November 2024, a 0.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1414
0.0%
3 173175
+1.2%
4 244241
-1.2%
5+ 4348
+11.6%

Summary: The 77354 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 remained the same, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 11.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7260-16.7%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77354, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 60 homes were sold or pending in 77354 in November 2024, down by 16.7% month-over-month. Of the 60 sold homes, 58% were sold under asking, 28% were sold at asking, and 13% were sold over asking.

Days on Market for 77354, TX

How long does it take to sell a home in 77354, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days61 Days+42.1%

Summary: Homes in 77354 had an average of 61 days on market in Nov 2024, up by 42.1% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77354 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 60 homes were sold in 77354; 45% of homes were sold within 30 days, 35% 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 21 Days Ago

Newest Listings in 77354, TX

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