$5,166 Closing Credit*
$435,000
3,550 SqFt
5 Beds
•3 Full Baths, 1 Partial
Daniel Larrea, Listing Office: Third Coast Realty LLC
Is 77406, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 77406 has remained a Seller's Market.
Key Takeaway
77406 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 77406, TX
How much do homes in 77406, TX cost?
Median Sold Price
$430,669
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,327(+5.0%)
Key Takeaway
Homes in 77406 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 77406 was $430,669 in October 2024, up 5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $243.5K | - | N/A |
| 3 Bedrooms | $330K | $331.3K | 0.4% |
| 4 Bedrooms | $444.4K | $450K | +1.2% |
| 5+ Bedrooms | $615K | $648.5K | +5.4% |
Summary: 77406 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 did not change, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in 77406, TX
How many homes are available in 77406, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 332 | 376 | +13.3% |
Summary: The 77406 real estate market had 376 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 76 | 81 | +6.6% |
| 4 Bedrooms | 196 | 223 | +13.8% |
| 5+ Bedrooms | 59 | 71 | +20.3% |
Summary: The 77406 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 6.6%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 20.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 64 | +3.2% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77406, you may be able to get a good deal. 67.2% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in 77406 in October 2024, up by 3.2% month-over-month. Of the 64 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for 77406, TX
How long does it take to sell a home in 77406, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 41 Days | +25.2% |
Summary: Homes in 77406 had an average of 41 days on market in Oct 2024, up by 25.2% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77406 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 64 homes were sold in 77406; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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