Is 77386, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77386 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77386 has remained a Seller's Market.

Key Takeaway

77386 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77386, TX

How much do homes in 77386, TX cost?

Median Sold Price

$390,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+5.4%)

Key Takeaway

Homes in 77386 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 77386 was $390,000 in October 2024, up 5.4% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$190K
N/A
2 $225K$220K
-2.2%
3 $299.4K$299K
-0.2%
4 $415K$430.6K
+3.8%
5+ $736.2K$715K
-2.9%

Summary: 77386 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 2.9%.

Median Sold Price Compared To Nearby Zip Codes

77380
+10.7%
77365
+5.5%
77386
+5.4%
77385
+1.6%
77373
0%

Housing Supply in 77386, TX

How many homes are available in 77386, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
296343+15.9%

Summary: The 77386 real estate market had 343 homes for sale in October 2024, a 15.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 05
+100.0%
3 90107
+18.9%
4 160175
+9.4%
5+ 4656
+21.7%

Summary: The 77386 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 21.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6275+21.0%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77386, you may be able to get a good deal. 74.7% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in 77386 in October 2024, up by 21.0% month-over-month. Of the 75 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.

Days on Market for 77386, TX

How long does it take to sell a home in 77386, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days39 Days-1.1%

Summary: Homes in 77386 had an average of 39 days on market in Oct 2024, down by 1.1% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77386 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 75 homes were sold in 77386; 59% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 11% 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 22 Days Ago

Newest Listings in 77386, TX

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