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 October 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

$400,581

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,591(+7.4%)

Key Takeaway

Homes in 77356 have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in 77356 was $400,581 in October 2024, up 7.4% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $170K$161.2K
-5.1%
2 $213.5K$209.1K
-2.0%
3 $358.5K$365K
+1.8%
4 $506.4K$565K
+11.6%
5+ $765K$987.9K
+29.1%

Summary: 77356 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 29.1%.

Median Sold Price Compared To Nearby Zip Codes

77356
+7.4%
77318
+3.7%
77363
+3.2%
77316
+1.5%
77304
+1.1%

Housing Supply in 77356, TX

How many homes are available in 77356, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
445514+15.5%

Summary: The 77356 real estate market had 514 homes for sale in October 2024, a 15.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 3033
+10.0%
2 5052
+4.0%
3 190211
+11.1%
4 124162
+30.6%
5+ 5156
+9.8%

Summary: The 77356 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes increased by 9.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6662-6.1%

Asking Price vs. Sold Price

46 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 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. 74.2% of homes here sold below asking price last month.

Summary: A total of 62 homes were sold or pending in 77356 in October 2024, down by 6.1% month-over-month. Of the 62 sold homes, 74% were sold under asking, 15% were sold at asking, and 11% 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

Oct 2023Oct 2024CHANGE
41 Days51 Days+23.6%

Summary: Homes in 77356 had an average of 51 days on market in Oct 2024, up by 23.6% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

12 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 October 2024, 62 homes were sold in 77356; 55% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 19% 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 77356, TX

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