Is 77554, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77554 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77554 was a Seller's Market.

Key Takeaway

77554 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77554, TX

How much do homes in 77554, TX cost?

Median Sold Price

$583,700

$387/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$1,550(-0.3%)

Key Takeaway

The sold price of homes in 77554 has remained the same since last year.

Summary: The median home sold price in 77554 was $583,700 in October 2024, down 0.3% from last year, and the median price per square foot was $387.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $187K$204.9K
+9.6%
2 $404.5K$365K
-9.8%
3 $579.9K$556K
-4.1%
4 $867.4K$886.5K
+2.2%
5+ $1.3M$1.3M
+0.8%

Summary: 77554 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

77590
+10.5%
77554
-0.3%
77550
-2.5%
77568
-6.6%
77551
-9.0%

Housing Supply in 77554, TX

How many homes are available in 77554, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
527595+12.9%

Summary: The 77554 real estate market had 595 homes for sale in October 2024, a 12.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 3134
+9.7%
2 94105
+11.7%
3 241271
+12.4%
4 116134
+15.5%
5+ 4551
+13.3%

Summary: The 77554 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3329-12.1%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77554, you may be able to get a good deal. 92.3% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 77554 in October 2024, down by 12.1% month-over-month. Of the 26 sold homes, 92% were sold under asking, 4% were sold at asking, and 4% were sold over asking.

Days on Market for 77554, TX

How long does it take to sell a home in 77554, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
65 Days92 Days+41.1%

Summary: Homes in 77554 had an average of 92 days on market in Oct 2024, up by 41.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 77554 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 29 homes were sold in 77554; 28% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 34% 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 23 Days Ago

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