Is 77459, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77459 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77459 was a Seller's Market.

Key Takeaway

77459 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 77459, TX

How much do homes in 77459, TX cost?

Median Sold Price

$425,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,037(+2.7%)

Key Takeaway

Homes in 77459 have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in 77459 was $425,000 in November 2024, up 2.7% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $294.9K$239.7K
-18.7%
3 $319.9K$329.8K
+3.1%
4 $428.1K$431.1K
+0.7%
5+ $666.9K$699.9K
+5.0%

Summary: 77459 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Zip Codes

77459
+2.7%
77479
+2.0%
77489
-0.4%
77545
-1.0%

Housing Supply in 77459, TX

How many homes are available in 77459, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
459463+0.9%

Summary: The 77459 real estate market had 463 homes for sale in November 2024, a 0.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 104111
+6.7%
4 229233
+1.7%
5+ 118110
-6.8%

Summary: The 77459 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 6.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9470-25.5%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77459, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 70 homes were sold or pending in 77459 in November 2024, down by 25.5% month-over-month. Of the 70 sold homes, 71% were sold under asking, 17% were sold at asking, and 11% were sold over asking.

Days on Market for 77459, TX

How long does it take to sell a home in 77459, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
57 Days43 Days-24.1%

Summary: Homes in 77459 had an average of 43 days on market in Nov 2024, down by 24.1% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77459 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 70 homes were sold in 77459; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% 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 17 Days Ago

Newest Listings in 77459, TX

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