Is 77541, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77541 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77541 was a Seller's Market.

Key Takeaway

77541 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77541, TX

How much do homes in 77541, TX cost?

Median Sold Price

$290,000

$200/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in 77541 has remained the same since last year.

Summary: The median home sold price in 77541 was $290,000 in November 2024, the same as last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $149.9K$175K
+16.7%
2 $255K$292K
+14.5%
3 $342K$275K
-19.6%
4 $368.7K$283.5K
-23.1%
5+ $732K$504.5K
-31.1%

Summary: 77541 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 14.5%, 3 bedroom homes decreased by 19.6%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 31.1%.

Median Sold Price Compared To Nearby Zip Codes

77531
+4.6%
77515
+4.6%
77566
+1.0%
77541
0.0%

Housing Supply in 77541, TX

How many homes are available in 77541, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
222239+7.7%

Summary: The 77541 real estate market had 239 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 55
0.0%
2 3539
+11.4%
3 113118
+4.4%
4 5360
+13.2%
5+ 1617
+6.3%

Summary: The 77541 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 11.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2117-19.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77541, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 77541 in November 2024, down by 19.0% month-over-month. Of the 17 sold homes, 76% were sold under asking, 18% were sold at asking, and 6% were sold over asking.

Days on Market for 77541, TX

How long does it take to sell a home in 77541, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days60 Days+37.8%

Summary: Homes in 77541 had an average of 60 days on market in Nov 2024, up by 37.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77541 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 17 homes were sold in 77541; 41% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 17 Days Ago

Newest Listings in 77541, TX

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