$6,401 Closing Credit*
$539,000
3,303 SqFt
4 Beds
•3 Full Baths, 1 Partial
Taylor Goldenthal, Listing Office: eXp 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 November 2023
At the same time last year, 77406 was a Seller's Market.
Key Takeaway
77406 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77406, TX
How much do homes in 77406, TX cost?
Median Sold Price
$437,750
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,843(+4.2%)
Key Takeaway
Homes in 77406 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 77406 was $437,750 in November 2024, up 4.2% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $207K | - | N/A |
| 3 Bedrooms | $334.9K | $330K | -1.5% |
| 4 Bedrooms | $443.3K | $461K | +4.0% |
| 5+ Bedrooms | $615.2K | $682.5K | +10.9% |
Summary: 77406 housing prices by bedroom type for November 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 decreased by 1.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 10.9%.
Housing Supply in 77406, TX
How many homes are available in 77406, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 315 | 339 | +7.6% |
Summary: The 77406 real estate market had 339 homes for sale in November 2024, a 7.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 64 | 72 | +12.5% |
| 4 Bedrooms | 191 | 197 | +3.1% |
| 5+ Bedrooms | 59 | 69 | +16.9% |
Summary: The 77406 housing inventory by bedroom type for November 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 12.5%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 16.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 43 | -34.8% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77406, you may be able to get a good deal. 72.1% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in 77406 in November 2024, down by 34.8% month-over-month. Of the 43 sold homes, 72% were sold under asking, 23% were sold at asking, and 5% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 36 Days | -31.2% |
Summary: Homes in 77406 had an average of 36 days on market in Nov 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 43 homes were sold in 77406; 49% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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