Is 77586, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77586 is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, 77586 has remained a Neutral Market.

Key Takeaway

77586 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 77586, TX

How much do homes in 77586, TX cost?

Median Sold Price

$357,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,906(-0.8%)

Key Takeaway

Homes in 77586 have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in 77586 was $357,000 in October 2024, down 0.8% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $100K$100.5K
0.5%
2 $215.5K$200.1K
-7.1%
3 $340K$320K
-5.9%
4 $380K$385K
+1.3%
5+ $420K$496K
+18.1%

Summary: 77586 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 18.1%.

Median Sold Price Compared To Nearby Zip Codes

77058
+6.6%
77059
+5.6%
77586
-0.8%
77565
-12.8%

Housing Supply in 77586, TX

How many homes are available in 77586, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
172184+7.0%

Summary: The 77586 real estate market had 184 homes for sale in October 2024, a 7.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1112
+9.1%
2 1520
+33.3%
3 6063
+5.0%
4 6163
+3.3%
5+ 2526
+4.0%

Summary: The 77586 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2428+16.7%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77586, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 77586 in October 2024, up by 16.7% month-over-month. Of the 28 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for 77586, TX

How long does it take to sell a home in 77586, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
67 Days55 Days-18.9%

Summary: Homes in 77586 had an average of 55 days on market in Oct 2024, down by 18.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77586 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 28 homes were sold in 77586; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 77586, TX

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