$5,224 Closing Credit*
$439,900
2,695 SqFt
4 Beds
•3 Full Baths, 1 Partial
Rebecca Nelson, Listing Office: Better Homes and Gardens Real Estate Gary Greene - Champions
Is 77447, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 77447 was a Seller's Market.
Key Takeaway
77447 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77447, TX
How much do homes in 77447, TX cost?
Median Sold Price
$320,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,275(+7.1%)
Key Takeaway
Homes in 77447 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 77447 was $320,000 in October 2024, up 7.1% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $260K | $667K | +156.5% |
| 3 Bedrooms | $270.4K | $285K | +5.4% |
| 4 Bedrooms | $325K | $367.5K | +13.1% |
| 5+ Bedrooms | $440K | $425K | -3.4% |
Summary: 77447 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 156.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in 77447, TX
How many homes are available in 77447, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 171 | 206 | +20.5% |
Summary: The 77447 real estate market had 206 homes for sale in October 2024, a 20.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 74 | 90 | +21.6% |
| 4 Bedrooms | 78 | 92 | +17.9% |
| 5+ Bedrooms | 15 | 21 | +40.0% |
Summary: The 77447 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 decreased by 33.3%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77447, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 77447 in October 2024, the same as the previous month. Of the 28 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for 77447, TX
How long does it take to sell a home in 77447, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 59 Days | +165.0% |
Summary: Homes in 77447 had an average of 59 days on market in Oct 2024, up by 165% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77447 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in 77447; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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