$105,000
4.08 Acres
Land
Allison Melton, Listing Office: HomeSmart
Is 77488, 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, 77488 was a Seller's Market.
Key Takeaway
77488 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77488, TX
How much do homes in 77488, TX cost?
Median Sold Price
$220,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,500(+16.7%)
Key Takeaway
Homes in 77488 have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in 77488 was $220,000 in October 2024, up 16.7% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $90K | $110K | +22.2% |
| 3 Bedrooms | $192.5K | $228K | +18.4% |
| 4 Bedrooms | $201.2K | $334K | +66.0% |
| 5+ Bedrooms | $480K | $359.6K | -25.1% |
Summary: 77488 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 22.2%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 66%, and 5+ bedroom homes decreased by 25.1%.
Housing Supply in 77488, TX
How many homes are available in 77488, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 62 | +21.6% |
Summary: The 77488 real estate market had 62 homes for sale in October 2024, a 21.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 26 | 36 | +38.5% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 77488 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 77488, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 77488 in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for 77488, TX
How long does it take to sell a home in 77488, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 41 Days | -6.8% |
Summary: Homes in 77488 had an average of 41 days on market in Oct 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 77488 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 77488; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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