Is 77378, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77378 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77378 was a Seller's Market.

Key Takeaway

77378 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 77378, TX

How much do homes in 77378, TX cost?

Median Sold Price

$254,950

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,010(-1.9%)

Key Takeaway

Homes in 77378 have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in 77378 was $254,950 in November 2024, down 1.9% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $175K$167.5K
-4.3%
2 $153.5K$178.9K
+16.6%
3 $244.9K$243.5K
-0.6%
4 $285K$286.6K
+0.6%
5+ $400.1K$316.6K
-20.9%

Summary: 77378 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 16.6%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 20.9%.

Median Sold Price Compared To Nearby Zip Codes

77328
+6.6%
77318
0.4%
77378
-1.9%
77303
-7.6%

Housing Supply in 77378, TX

How many homes are available in 77378, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
135146+8.1%

Summary: The 77378 real estate market had 146 homes for sale in November 2024, a 8.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 89
+12.5%
3 7076
+8.6%
4 4548
+6.7%
5+ 910
+11.1%

Summary: The 77378 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 8.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1421+50.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77378, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 77378 in November 2024, up by 50.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 33% were sold at asking, and 10% were sold over asking.

Days on Market for 77378, TX

How long does it take to sell a home in 77378, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
62 Days64 Days+3.1%

Summary: Homes in 77378 had an average of 64 days on market in Nov 2024, up by 3.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77378 has remained consistent over time.

Summary: During November 2024, 21 homes were sold in 77378; 29% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 33% 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 2 Days Ago

Newest Listings in 77378, TX

Nearby Markets to 77378, TX