Is 77381, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77381 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77381 has remained a Seller's Market.

Key Takeaway

77381 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77381, TX

How much do homes in 77381, TX cost?

Median Sold Price

$580,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$79,583(+15.9%)

Key Takeaway

Homes in 77381 have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in 77381 was $580,000 in October 2024, up 15.9% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $162K$141.2K
-12.8%
2 $265K$290K
+9.4%
3 $390K$405K
+3.8%
4 $587.5K$650K
+10.6%
5+ $780K$925K
+18.6%

Summary: 77381 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.8%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 18.6%.

Median Sold Price Compared To Nearby Zip Codes

77381
+15.9%
77382
+11.4%
77380
+10.7%
77389
+8.8%
77384
-4.0%

Housing Supply in 77381, TX

How many homes are available in 77381, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
144148+2.8%

Summary: The 77381 real estate market had 148 homes for sale in October 2024, a 2.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 54
-20.0%
2 1112
+9.1%
3 4646
0.0%
4 6368
+7.9%
5+ 1918
-5.3%

Summary: The 77381 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 5.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4036-10.0%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77381, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 77381 in October 2024, down by 10.0% month-over-month. Of the 36 sold homes, 72% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for 77381, TX

How long does it take to sell a home in 77381, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days25 Days+36.2%

Summary: Homes in 77381 had an average of 25 days on market in Oct 2024, up by 36.2% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77381 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 36 homes were sold in 77381; 72% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% 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 23 Days Ago

Newest Listings in 77381, TX

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