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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77355 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77355 has remained a Seller's Market.

Key Takeaway

77355 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77355, TX

How much do homes in 77355, TX cost?

Median Sold Price

$360,250

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,755(+4.9%)

Key Takeaway

Homes in 77355 have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in 77355 was $360,250 in October 2024, up 4.9% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$565K
N/A
2 $265K$225K
-15.1%
3 $309.4K$320K
+3.4%
4 $463K$385K
-16.8%
5+ $675K$597K
-11.6%

Summary: 77355 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 decreased by 15.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes decreased by 11.6%.

Median Sold Price Compared To Nearby Zip Codes

77447
+7.1%
77355
+4.9%
77377
+3.8%
77354
-1.6%
77362
-2.5%

Housing Supply in 77355, TX

How many homes are available in 77355, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
206231+12.1%

Summary: The 77355 real estate market had 231 homes for sale in October 2024, a 12.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 79
+28.6%
3 7481
+9.5%
4 98114
+16.3%
5+ 2525
0.0%

Summary: The 77355 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 28.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5143-15.7%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

8 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. 53.5% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in 77355 in October 2024, down by 15.7% month-over-month. Of the 43 sold homes, 53% were sold under asking, 28% were sold at asking, and 19% 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

Oct 2023Oct 2024CHANGE
31 Days37 Days+18.0%

Summary: Homes in 77355 had an average of 37 days on market in Oct 2024, up by 18% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

2 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 October 2024, 43 homes were sold in 77355; 49% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 5% 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 13 Days Ago

Newest Listings in 77355, TX

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