Is 77575, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77575 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77575 was a Neutral Market.

Key Takeaway

77575 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77575, TX

How much do homes in 77575, TX cost?

Median Sold Price

$266,500

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,000(+14.6%)

Key Takeaway

Homes in 77575 have sold for 14.6% more than they did a year ago.

Summary: The median home sold price in 77575 was $266,500 in October 2024, up 14.6% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $170K$149.9K
-11.8%
2 $145K$157K
+8.3%
3 $222.5K$243.9K
+9.6%
4 $268.4K$414.5K
+54.4%
5+ $392.5K$452.4K
+15.3%

Summary: 77575 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 54.4%, and 5+ bedroom homes increased by 15.3%.

Median Sold Price Compared To Nearby Zip Codes

77575
+14.6%
77535
+0.8%
77564
-25.5%

Housing Supply in 77575, TX

How many homes are available in 77575, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8586+1.2%

Summary: The 77575 real estate market had 86 homes for sale in October 2024, a 1.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 56
+20.0%
3 5147
-7.8%
4 2529
+16.0%
5+ 33
0.0%

Summary: The 77575 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 16%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77575, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 77575 in October 2024, down by 23.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 77575, TX

How long does it take to sell a home in 77575, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days39 Days+64.1%

Summary: Homes in 77575 had an average of 39 days on market in Oct 2024, up by 64.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77575 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 77575; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% 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 5 Days Ago

Newest Listings in 77575, TX

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