Is 77429, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77429 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77429 has remained a Seller's Market.

Key Takeaway

77429 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77429, TX

How much do homes in 77429, TX cost?

Median Sold Price

$387,294

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,582(+4.8%)

Key Takeaway

Homes in 77429 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 77429 was $387,294 in October 2024, up 4.8% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $112.5K$125K
+11.1%
2 $163.5K$227.5K
+39.1%
3 $303K$320K
+5.6%
4 $409.3K$428.2K
+4.6%
5+ $559K$527.5K
-5.6%

Summary: 77429 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 39.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

77429
+4.8%
77377
+3.8%
77070
+2.0%
77433
+1.9%
77065
0.4%

Housing Supply in 77429, TX

How many homes are available in 77429, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
362404+11.6%

Summary: The 77429 real estate market had 404 homes for sale in October 2024, a 11.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 86
-25.0%
3 110118
+7.3%
4 193210
+8.8%
5+ 5068
+36.0%

Summary: The 77429 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 36%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7787+13.0%

Asking Price vs. Sold Price

59 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77429, you may be able to get a good deal. 67.8% of homes here sold below asking price last month.

Summary: A total of 87 homes were sold or pending in 77429 in October 2024, up by 13.0% month-over-month. Of the 87 sold homes, 68% were sold under asking, 25% were sold at asking, and 7% were sold over asking.

Days on Market for 77429, TX

How long does it take to sell a home in 77429, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days40 Days+39.4%

Summary: Homes in 77429 had an average of 40 days on market in Oct 2024, up by 39.4% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

33 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77429 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 87 homes were sold in 77429; 53% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 9% 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

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