Is 77356, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77356 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77356 was a Seller's Market.

Key Takeaway

77356 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77356, TX

How much do homes in 77356, TX cost?

Median Sold Price

$399,581

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,657(+7.1%)

Key Takeaway

Homes in 77356 have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in 77356 was $399,581 in November 2024, up 7.1% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $168.1K$158.2K
-5.9%
2 $215.1K$210K
-2.4%
3 $354.6K$356.5K
0.5%
4 $506.4K$568K
+12.2%
5+ $770K$975K
+26.6%

Summary: 77356 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 26.6%.

Median Sold Price Compared To Nearby Zip Codes

77356
+7.1%
77316
+4.9%
77304
+1.5%
77318
0.4%
77363
-15.4%

Housing Supply in 77356, TX

How many homes are available in 77356, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
455480+5.5%

Summary: The 77356 real estate market had 480 homes for sale in November 2024, a 5.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2834
+21.4%
2 4346
+7.0%
3 182195
+7.1%
4 153152
-0.7%
5+ 4953
+8.2%

Summary: The 77356 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 8.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6945-34.8%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77356, you may be able to get a good deal. 68.9% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 77356 in November 2024, down by 34.8% month-over-month. Of the 45 sold homes, 69% were sold under asking, 22% were sold at asking, and 9% were sold over asking.

Days on Market for 77356, TX

How long does it take to sell a home in 77356, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
50 Days51 Days0.3%

Summary: Homes in 77356 had an average of 51 days on market in Nov 2024, up by 0.3% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77356 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 45 homes were sold in 77356; 51% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% 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

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