$3,147 Closing Credit*
$265,000
1,542 SqFt
4 Beds
•2 Full Baths
Matthew Bridges, Listing Office: RE/MAX Crossroads Realty
Is 77511, 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, 77511 was a Seller's Market.
Key Takeaway
77511 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77511, TX
How much do homes in 77511, TX cost?
Median Sold Price
$295,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,200(+3.2%)
Key Takeaway
Homes in 77511 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 77511 was $295,000 in October 2024, up 3.2% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | $255.5K | -53.5% |
| 2 Bedrooms | $190.2K | $195K | +2.5% |
| 3 Bedrooms | $267K | $281.2K | +5.3% |
| 4 Bedrooms | $320K | $323K | +0.9% |
| 5+ Bedrooms | $404K | $390K | -3.5% |
Summary: 77511 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.5%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 3.5%.
Housing Supply in 77511, TX
How many homes are available in 77511, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 190 | 211 | +11.1% |
Summary: The 77511 real estate market had 211 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 88 | 99 | +12.5% |
| 4 Bedrooms | 80 | 85 | +6.3% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The 77511 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 26 | -21.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77511, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 77511 in October 2024, down by 21.2% month-over-month. Of the 26 sold homes, 42% were sold under asking, 42% were sold at asking, and 15% were sold over asking.
Days on Market for 77511, TX
How long does it take to sell a home in 77511, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 56 Days | -7.9% |
Summary: Homes in 77511 had an average of 56 days on market in Oct 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77511 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 77511; 46% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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