Is 77504, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77504 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77504 was a Seller's Market.

Key Takeaway

77504 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 77504, TX

How much do homes in 77504, TX cost?

Median Sold Price

$279,995

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,995(+12.0%)

Key Takeaway

Homes in 77504 have sold for 12% more than they did a year ago.

Summary: The median home sold price in 77504 was $279,995 in October 2024, up 12% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $79K$99K
+25.3%
2 $109K$209.5K
+92.2%
3 $250K$275K
+10.0%
4 $330K$315K
-4.5%
5+ $482.5K$351K
-27.3%

Summary: 77504 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.3%, 2 bedroom homes increased by 92.2%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 27.3%.

Median Sold Price Compared To Nearby Zip Codes

77504
+12.0%
77502
+4.4%
77505
-0.5%
77034
-1.6%

Housing Supply in 77504, TX

How many homes are available in 77504, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3442+23.5%

Summary: The 77504 real estate market had 42 homes for sale in October 2024, a 23.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 24
+100.0%
2 66
0.0%
3 1623
+43.8%
4 88
0.0%
5+ 21
-50.0%

Summary: The 77504 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 43.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77504, 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 77504 in October 2024, up by 16.7% 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 77504, TX

How long does it take to sell a home in 77504, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days13 Days-21.4%

Summary: Homes in 77504 had an average of 13 days on market in Oct 2024, down by 21.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77504 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 77504; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in 77504, TX

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