Is 77565, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77565 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 77565 was a Seller's Market.

Key Takeaway

77565 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 77565, TX

How much do homes in 77565, TX cost?

Median Sold Price

$340,920

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$11,890(-3.4%)

Key Takeaway

Homes in 77565 have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in 77565 was $340,920 in December 2024, down 3.4% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $299.9K$154.5K
-48.5%
2 $250K$263.7K
+5.5%
3 $348.1K$335.1K
-3.7%
4 $435K$360.5K
-17.1%
5+ $1.0M$1.3M
+24.7%

Summary: 77565 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.5%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes increased by 24.7%.

Median Sold Price Compared To Nearby Zip Codes

77573
+4.9%
77586
-1.4%
77565
-3.4%

Housing Supply in 77565, TX

How many homes are available in 77565, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
57570.0%

Summary: The 77565 real estate market had 57 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1213
+8.3%
3 2524
-4.0%
4 1816
-11.1%
5+ 24
+100.0%

Summary: The 77565 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
990.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77565, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 77565 in December 2024, the same as the previous month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.

Days on Market for 77565, TX

How long does it take to sell a home in 77565, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
76 Days117 Days+53.6%

Summary: Homes in 77565 had an average of 117 days on market in Dec 2024, up by 53.6% compared to last year.

Breakdown of Home Sale Times

2 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 77565 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 9 homes were sold in 77565; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% 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 4 Days Ago

Newest Listings in 77565, TX

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