Is 77584, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77584 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 77584 has remained a Seller's Market.

Key Takeaway

77584 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77584, TX

How much do homes in 77584, TX cost?

Median Sold Price

$379,373

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,973(+4.1%)

Key Takeaway

Homes in 77584 have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in 77584 was $379,373 in November 2024, up 4.1% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$150K
N/A
2 $230K$237.2K
+3.2%
3 $320K$333.2K
+4.1%
4 $401.1K$405.5K
+1.1%
5+ $514.5K$519.5K
+1.0%

Summary: 77584 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 3.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Zip Codes

77584
+4.1%
77581
+1.4%
77048
0.4%
77047
-1.2%
77578
-6.9%

Housing Supply in 77584, TX

How many homes are available in 77584, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
256258+0.8%

Summary: The 77584 real estate market had 258 homes for sale in November 2024, a 0.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1014
+40.0%
3 7473
-1.4%
4 147132
-10.2%
5+ 2438
+58.3%

Summary: The 77584 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 increased by 40%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes increased by 58.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6449-23.4%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77584, you may be able to get a good deal. 77.6% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in 77584 in November 2024, down by 23.4% month-over-month. Of the 49 sold homes, 78% were sold under asking, 14% were sold at asking, and 8% were sold over asking.

Days on Market for 77584, TX

How long does it take to sell a home in 77584, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days33 Days+2.2%

Summary: Homes in 77584 had an average of 33 days on market in Nov 2024, up by 2.2% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77584 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 49 homes were sold in 77584; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% 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 17 Days Ago

Newest Listings in 77584, TX

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