Is 77547, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77547 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77547 was a Neutral Market.

Key Takeaway

77547 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77547, TX

How much do homes in 77547, TX cost?

Median Sold Price

$162,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$19,000(-10.5%)

Key Takeaway

Homes in 77547 have sold for 10.5% less than they did a year ago.

Summary: The median home sold price in 77547 was $162,000 in November 2024, down 10.5% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $200K-
N/A
2 $110K$121K
+10.0%
3 $173.5K$165K
-4.9%
4 $220K$242.5K
+10.2%
5+ $210K$214.5K
+2.1%

Summary: 77547 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 4.9%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Zip Codes

77015
+5.0%
77506
0.0%
77029
-1.2%
77547
-10.5%

Housing Supply in 77547, TX

How many homes are available in 77547, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
27270.0%

Summary: The 77547 real estate market had 27 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1614
-12.5%
4 68
+33.3%
5+ 11
0.0%

Summary: The 77547 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77547, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 77547 in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 77547, TX

How long does it take to sell a home in 77547, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days56 Days+67.2%

Summary: Homes in 77547 had an average of 56 days on market in Nov 2024, up by 67.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77547 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 77547; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 24 Days Ago

Newest Listings in 77547, TX

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