Is 77437, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77437 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 77437 has remained a Seller's Market.

Key Takeaway

77437 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77437, TX

How much do homes in 77437, TX cost?

Median Sold Price

$198,350

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$11,650(-5.5%)

Key Takeaway

Homes in 77437 have sold for 5.5% less than they did a year ago.

Summary: The median home sold price in 77437 was $198,350 in October 2024, down 5.5% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K$110K
-33.3%
2 $126.5K$162.5K
+28.5%
3 $210K$225K
+7.1%
4 $263K$387.5K
+47.3%
5+ $265K$285K
+7.5%

Summary: 77437 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 28.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 47.3%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Zip Codes

77488
+16.7%
77437
-5.5%

Housing Supply in 77437, TX

How many homes are available in 77437, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5962+5.1%

Summary: The 77437 real estate market had 62 homes for sale in October 2024, a 5.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1112
+9.1%
3 3336
+9.1%
4 1111
0.0%
5+ 32
-33.3%

Summary: The 77437 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 increased by 9.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77437, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 77437 in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.

Days on Market for 77437, TX

How long does it take to sell a home in 77437, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
117 Days70 Days-40.4%

Summary: Homes in 77437 had an average of 70 days on market in Oct 2024, down by 40.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77437 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 77437; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% 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 5 Days Ago

Newest Listings in 77437, TX

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