$8,669 Closing Credit*
$730,000
1,800 SqFt
3 Beds
•2 Full Baths
Gregory Fountain, Listing Office: Swedes Real Estate LLC
Is 77650, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 77650 was a Neutral Market.
Key Takeaway
77650 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77650, TX
How much do homes in 77650, TX cost?
Median Sold Price
$467,000
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$48,000(-9.3%)
Key Takeaway
Homes in 77650 have sold for 9.3% less than they did a year ago.
Summary: The median home sold price in 77650 was $467,000 in November 2024, down 9.3% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $328.5K | $185K | -43.7% |
| 2 Bedrooms | $361.4K | $300K | -17.0% |
| 3 Bedrooms | $515K | $449.3K | -12.7% |
| 4 Bedrooms | $667.8K | $623.5K | -6.6% |
| 5+ Bedrooms | $1.0M | $873.7K | -16.8% |
Summary: 77650 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.7%, 2 bedroom homes decreased by 17%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 16.8%.
Housing Supply in 77650, TX
How many homes are available in 77650, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 283 | 302 | +6.7% |
Summary: The 77650 real estate market had 302 homes for sale in November 2024, a 6.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 46 | 49 | +6.5% |
| 3 Bedrooms | 150 | 164 | +9.3% |
| 4 Bedrooms | 64 | 67 | +4.7% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 77650 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 6.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 7 | -56.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 77650, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 77650 in November 2024, down by 56.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for 77650, TX
How long does it take to sell a home in 77650, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 68 Days | 114 Days | +67.3% |
Summary: Homes in 77650 had an average of 114 days on market in Nov 2024, up by 67.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 77650 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 7 homes were sold in 77650; 0% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
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Based on Information provided by South Texas MLS, LLC ©2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied. The MLS aggregate data is a copyright of Texas Association of REALTORS® (TAR) and that the reader may not reproduce or distribute the MLS aggregate data. IDX information is provided exclusively for consumers’ personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.