Is 77375, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77375 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 77375 has remained a Seller's Market.

Key Takeaway

77375 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77375, TX

How much do homes in 77375, TX cost?

Median Sold Price

$353,881

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$6,118(-1.7%)

Key Takeaway

Homes in 77375 have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in 77375 was $353,881 in November 2024, down 1.7% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$280K
N/A
2 $239K$260K
+8.8%
3 $302.3K$307K
+1.5%
4 $405.1K$400K
-1.3%
5+ $517.2K$625K
+20.8%

Summary: 77375 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 20.8%.

Median Sold Price Compared To Nearby Zip Codes

77389
+9.2%
77379
+4.0%
77377
+3.9%
77362
0.1%
77375
-1.7%

Housing Supply in 77375, TX

How many homes are available in 77375, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
334354+6.0%

Summary: The 77375 real estate market had 354 homes for sale in November 2024, a 6.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 127138
+8.7%
4 157164
+4.5%
5+ 4243
+2.4%

Summary: The 77375 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 2.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6568+4.6%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77375, you may be able to get a good deal. 57.4% of homes here sold below asking price last month.

Summary: A total of 68 homes were sold or pending in 77375 in November 2024, up by 4.6% month-over-month. Of the 68 sold homes, 57% were sold under asking, 32% were sold at asking, and 10% were sold over asking.

Days on Market for 77375, TX

How long does it take to sell a home in 77375, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days34 Days-26.6%

Summary: Homes in 77375 had an average of 34 days on market in Nov 2024, down by 26.6% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77375 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 68 homes were sold in 77375; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% 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 77375, TX

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