Is 77357, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77357 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77357 was a Seller's Market.

Key Takeaway

77357 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 77357, TX

How much do homes in 77357, TX cost?

Median Sold Price

$284,333

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,666(-3.6%)

Key Takeaway

Homes in 77357 have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in 77357 was $284,333 in October 2024, down 3.6% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $375K$135.4K
-63.9%
2 $195K$230K
+17.9%
3 $255K$258.5K
+1.4%
4 $320K$294.4K
-8.0%
5+ $360K$342.5K
-4.9%

Summary: 77357 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63.9%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 4.9%.

Median Sold Price Compared To Nearby Zip Codes

77365
+5.5%
77357
-3.6%
77372
-8.4%
77336
-11.5%

Housing Supply in 77357, TX

How many homes are available in 77357, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
267283+6.0%

Summary: The 77357 real estate market had 283 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 34
+33.3%
3 8790
+3.4%
4 161173
+7.5%
5+ 1414
0.0%

Summary: The 77357 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 33.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4243+2.4%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77357, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in 77357 in October 2024, up by 2.4% month-over-month. Of the 43 sold homes, 49% were sold under asking, 35% were sold at asking, and 16% were sold over asking.

Days on Market for 77357, TX

How long does it take to sell a home in 77357, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days43 Days-22.1%

Summary: Homes in 77357 had an average of 43 days on market in Oct 2024, down by 22.1% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77357 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 43 homes were sold in 77357; 51% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 14% 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 5 Days Ago

Newest Listings in 77357, TX

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