$2,019 Closing Credit*
$170,000
1,266 SqFt
3 Beds
•2 Full Baths
Jared Turner, Listing Office: Lennar Homes Village Builders, LLC
Is 77488, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,550(+11.4%)
Key Takeaway
Homes in 77488 have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in 77488 was $220,000 in November 2024, up 11.4% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $123.5K | $106.2K | -14.0% |
| 3 Bedrooms | $200K | $220K | +10.0% |
| 4 Bedrooms | $207.5K | $334K | +61.0% |
| 5+ Bedrooms | $479K | $474.8K | -0.9% |
Summary: 77488 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 14%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 61%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Zip Codes
| 77488 | $197.4K | $220K | +11.4% |
| 77437 | $207.5K | $195.8K | -5.6% |
Housing Supply in 77488, TX
How many homes are available in 77488, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 | 58 | -1.7% |
Summary: The 77488 real estate market had 58 homes for sale in November 2024, a 1.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 34 | 34 | 0.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 77488 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77488, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 77488 in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 64 Days | +27.7% |
Summary: Homes in 77488 had an average of 64 days on market in Nov 2024, up by 27.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 77488 has remained consistent over time.
Summary: During November 2024, 3 homes were sold in 77488; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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