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 5 Days Ago

Newest Listings in 77381, TX

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