$94,900
3.00 Acres
Land
Cheryl Stovall, Listing Office: American Realty
Is 77531, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 77531 has remained a Neutral Market.
Key Takeaway
77531 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 77531, TX
How much do homes in 77531, TX cost?
Median Sold Price
$285,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,500(+4.6%)
Key Takeaway
Homes in 77531 have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in 77531 was $285,000 in November 2024, up 4.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $42.5K | - | N/A |
| 2 Bedrooms | $149.9K | $164.9K | +10.0% |
| 3 Bedrooms | $275K | $267.9K | -2.5% |
| 4 Bedrooms | $339.9K | $364K | +7.1% |
| 5+ Bedrooms | $204K | $450K | +120.6% |
Summary: 77531 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 increased by 10%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 120.6%.
Housing Supply in 77531, TX
How many homes are available in 77531, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 77 | +2.7% |
Summary: The 77531 real estate market had 77 homes for sale in November 2024, a 2.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 45 | 45 | 0.0% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 77531 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 77531, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 77531 in November 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.
Days on Market for 77531, TX
How long does it take to sell a home in 77531, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 66 Days | +83.0% |
Summary: Homes in 77531 had an average of 66 days on market in Nov 2024, up by 83% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77531 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 77531; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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