Is 77514, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77514 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77514 was a Buyer's Market.

Key Takeaway

77514 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77514, TX

How much do homes in 77514, TX cost?

Median Sold Price

$282,975

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$38,025(+15.5%)

Key Takeaway

Homes in 77514 have sold for 15.5% more than they did a year ago.

Summary: The median home sold price in 77514 was $282,975 in October 2024, up 15.5% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $224.4K-
N/A
2 $152.5K$101.5K
-33.4%
3 $234.9K$251.9K
+7.2%
4 $328.6K$290.5K
-11.6%
5+ $700K$354.4K
-49.4%

Summary: 77514 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 decreased by 33.4%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes decreased by 49.4%.

Median Sold Price Compared To Nearby Zip Codes

77617
+34.3%
77514
+15.5%

Housing Supply in 77514, TX

How many homes are available in 77514, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4857+18.8%

Summary: The 77514 real estate market had 57 homes for sale in October 2024, a 18.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 69
+50.0%
3 1516
+6.7%
4 1925
+31.6%
5+ 87
-12.5%

Summary: The 77514 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 50%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
610+66.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77514, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 77514 in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% were sold over asking.

Days on Market for 77514, TX

How long does it take to sell a home in 77514, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days73 Days+67.5%

Summary: Homes in 77514 had an average of 73 days on market in Oct 2024, up by 67.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 77514 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 10 homes were sold in 77514; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% 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 5 Days Ago

Newest Listings in 77514, TX

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