Is 77377, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77377 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 77377 was a Seller's Market.

Key Takeaway

77377 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 77377, TX

How much do homes in 77377, TX cost?

Median Sold Price

$400,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$15,594(+4.1%)

Key Takeaway

Homes in 77377 have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in 77377 was $400,000 in December 2024, up 4.1% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$256K
N/A
2 $253.4K$228.9K
-9.6%
3 $312K$323.9K
+3.8%
4 $414.9K$435.9K
+5.1%
5+ $540K$545.2K
+1.0%

Summary: 77377 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Zip Codes

77355
+12.7%
77377
+4.1%
77429
+3.8%
77433
+1.9%
77375
-1.3%

Housing Supply in 77377, TX

How many homes are available in 77377, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
251241-4.0%

Summary: The 77377 real estate market had 241 homes for sale in December 2024, a 4.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 32
-33.3%
2 43
-25.0%
3 7171
0.0%
4 138132
-4.3%
5+ 3533
-5.7%

Summary: The 77377 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 5.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
5435-35.2%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77377, you may be able to get a good deal. 68.6% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 77377 in December 2024, down by 35.2% month-over-month. Of the 35 sold homes, 69% were sold under asking, 17% were sold at asking, and 14% were sold over asking.

Days on Market for 77377, TX

How long does it take to sell a home in 77377, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
72 Days55 Days-23.3%

Summary: Homes in 77377 had an average of 55 days on market in Dec 2024, down by 23.3% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77377 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 35 homes were sold in 77377; 49% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 20% 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 7 Days Ago

Newest Listings in 77377, TX

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