Is 77389, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77389 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77389 has remained a Seller's Market.

Key Takeaway

77389 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77389, TX

How much do homes in 77389, TX cost?

Median Sold Price

$520,381

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$41,981(+8.8%)

Key Takeaway

Homes in 77389 have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in 77389 was $520,381 in October 2024, up 8.8% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $185K$186.2K
+0.7%
3 $339.8K$356K
+4.8%
4 $496.6K$524.5K
+5.6%
5+ $813K$775K
-4.7%

Summary: 77389 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 increased by 0.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 4.7%.

Median Sold Price Compared To Nearby Zip Codes

77381
+15.9%
77380
+10.7%
77389
+8.8%
77388
+1.5%
77375
0.0%

Housing Supply in 77389, TX

How many homes are available in 77389, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
200225+12.5%

Summary: The 77389 real estate market had 225 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 4450
+13.6%
4 110118
+7.3%
5+ 4556
+24.4%

Summary: The 77389 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 remained the same, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 24.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3642+16.7%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77389, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in 77389 in October 2024, up by 16.7% month-over-month. Of the 42 sold homes, 52% were sold under asking, 26% were sold at asking, and 21% were sold over asking.

Days on Market for 77389, TX

How long does it take to sell a home in 77389, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days30 Days+22.7%

Summary: Homes in 77389 had an average of 30 days on market in Oct 2024, up by 22.7% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77389 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 42 homes were sold in 77389; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 7% 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 77389, TX

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