Is 77494, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77494 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 77494 has remained a Seller's Market.

Key Takeaway

77494 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77494, TX

How much do homes in 77494, TX cost?

Median Sold Price

$495,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,292(+2.1%)

Key Takeaway

Homes in 77494 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 77494 was $495,000 in November 2024, up 2.1% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$30K
N/A
2 $387.4K$355K
-8.4%
3 $363.4K$380K
+4.5%
4 $494.1K$502.9K
+1.8%
5+ $707K$760K
+7.5%

Summary: 77494 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 8.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Zip Codes

77493
+8.8%
77450
+2.4%
77494
+2.1%
77449
-0.4%
77407
-1.7%

Housing Supply in 77494, TX

How many homes are available in 77494, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
465489+5.2%

Summary: The 77494 real estate market had 489 homes for sale in November 2024, a 5.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 8992
+3.4%
4 264280
+6.1%
5+ 107110
+2.8%

Summary: The 77494 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 40%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 2.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12089-25.8%

Asking Price vs. Sold Price

59 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77494, you may be able to get a good deal. 67% of homes here sold below asking price last month.

Summary: A total of 89 homes were sold or pending in 77494 in November 2024, down by 25.8% month-over-month. Of the 88 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.

Days on Market for 77494, TX

How long does it take to sell a home in 77494, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days28 Days0.3%

Summary: Homes in 77494 had an average of 28 days on market in Nov 2024, up by 0.3% compared to last year.

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77494 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 89 homes were sold in 77494; 66% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 4% 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 21 Days Ago

Newest Listings in 77494, TX

Nearby Markets to 77494, TX