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 September 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

$386,248

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$17,376(+4.7%)

Key Takeaway

Homes in 77429 have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in 77429 was $386,248 in September 2024, up 4.7% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $115K$120K
+4.3%
2 $175K$230K
+31.4%
3 $303K$315K
+4.0%
4 $402.6K$426.6K
+5.9%
5+ $551.5K$525K
-4.8%

Summary: 77429 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 31.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Zip Codes

77429
+4.7%
77377
+4.3%
77065
+2.6%
77070
+1.7%
77433
+1.5%

Housing Supply in 77429, TX

How many homes are available in 77429, TX?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
398415+4.3%

Summary: The 77429 real estate market had 415 homes for sale in September 2024, a 4.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 58
+60.0%
3 122120
-1.6%
4 204221
+8.3%
5+ 6665
-1.5%

Summary: The 77429 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 1.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
8971-20.2%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

16 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. 69% of homes here sold below asking price last month.

Summary: A total of 71 homes were sold or pending in 77429 in September 2024, down by 20.2% month-over-month. Of the 71 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% 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

Sep 2023Sep 2024CHANGE
26 Days32 Days+19.3%

Summary: Homes in 77429 had an average of 32 days on market in Sep 2024, up by 19.3% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

4 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 September 2024, 71 homes were sold in 77429; 55% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% 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 Sep 1, 2024

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