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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77575 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 77575 was a Seller's Market.

Key Takeaway

77575 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 77575, TX

How much do homes in 77575, TX cost?

Median Sold Price

$265,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$22,505(+9.3%)

Key Takeaway

Homes in 77575 have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in 77575 was $265,000 in December 2024, up 9.3% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $170K$149.9K
-11.8%
2 $149K$152K
+2.0%
3 $225K$249K
+10.7%
4 $306K$414.9K
+35.6%
5+ $357.5K$452.4K
+26.6%

Summary: 77575 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 35.6%, and 5+ bedroom homes increased by 26.6%.

Median Sold Price Compared To Nearby Zip Codes

77575
+9.3%
77535
-2.8%

Housing Supply in 77575, TX

How many homes are available in 77575, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
8289+8.5%

Summary: The 77575 real estate market had 89 homes for sale in December 2024, a 8.5% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 99
0.0%
3 4149
+19.5%
4 2826
-7.1%
5+ 34
+33.3%

Summary: The 77575 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 remained the same, 3 bedroom homes increased by 19.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 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. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 77575 in December 2024, up by 44.4% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% 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

Dec 2023Dec 2024CHANGE
87 Days89 Days+2.6%

Summary: Homes in 77575 had an average of 89 days on market in Dec 2024, up by 2.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 77575 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 13 homes were sold in 77575; 31% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 46% 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 77575, TX

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