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 20 Days Ago

Newest Listings in 77357, TX

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