Is 77435, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77435 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77435 was a Neutral Market.

Key Takeaway

77435 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77435, TX

How much do homes in 77435, TX cost?

Median Sold Price

$350,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,216(+10.5%)

Key Takeaway

Homes in 77435 have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in 77435 was $350,000 in October 2024, up 10.5% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $122K$67.5K
-44.7%
2 $240K$204.5K
-14.8%
3 $301.5K$315K
+4.5%
4 $465K$477.5K
+2.7%
5+ $310K$972.5K
+213.7%

Summary: 77435 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.7%, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 213.7%.

Housing Supply in 77435, TX

How many homes are available in 77435, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1316+23.1%

Summary: The 77435 real estate market had 16 homes for sale in October 2024, a 23.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 11
0.0%
3 79
+28.6%
4 45
+25.0%
5+ 00
0.0%

Summary: The 77435 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 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77435, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 77435 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 77435, TX

How long does it take to sell a home in 77435, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days47 Days-3.5%

Summary: Homes in 77435 had an average of 47 days on market in Oct 2024, down by 3.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77435 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 77435; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

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