Is 77355, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77355 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 77355 was a Seller's Market.

Key Takeaway

77355 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 77355, TX

How much do homes in 77355, TX cost?

Median Sold Price

$355,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$40,002(+12.7%)

Key Takeaway

Homes in 77355 have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in 77355 was $355,000 in December 2024, up 12.7% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$565K
N/A
2 $310K$273K
-11.9%
3 $293.5K$318.5K
+8.5%
4 $331.7K$374.2K
+12.8%
5+ $557.9K$480K
-14.0%

Summary: 77355 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 14%.

Median Sold Price Compared To Nearby Zip Codes

77355
+12.7%
77447
+6.8%
77377
+4.1%
77354
+2.7%
77362
-4.8%

Housing Supply in 77355, TX

How many homes are available in 77355, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
182185+1.6%

Summary: The 77355 real estate market had 185 homes for sale in December 2024, a 1.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 64
-33.3%
3 6769
+3.0%
4 8082
+2.5%
5+ 2728
+3.7%

Summary: The 77355 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 3.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2628+7.7%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77355, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 77355 in December 2024, up by 7.7% month-over-month. Of the 28 sold homes, 64% were sold under asking, 25% were sold at asking, and 11% were sold over asking.

Days on Market for 77355, TX

How long does it take to sell a home in 77355, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
66 Days35 Days-46.6%

Summary: Homes in 77355 had an average of 35 days on market in Dec 2024, down by 46.6% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77355 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 28 homes were sold in 77355; 57% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% 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 7 Days Ago

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