Is 77657, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77657 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77657 was a Neutral Market.

Key Takeaway

77657 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77657, TX

How much do homes in 77657, TX cost?

Median Sold Price

$365,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+15.9%)

Key Takeaway

Homes in 77657 have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in 77657 was $365,000 in October 2024, up 15.9% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $200K$241.5K
+20.8%
3 $260K$230K
-11.5%
4 $435K$399K
-8.3%
5+ $632.5K$625K
-1.2%

Summary: 77657 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.8%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 1.2%.

Housing Supply in 77657, TX

How many homes are available in 77657, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3234+6.3%

Summary: The 77657 real estate market had 34 homes for sale in October 2024, a 6.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1316
+23.1%
4 1513
-13.3%
5+ 45
+25.0%

Summary: The 77657 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 remained the same, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77657, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 77657 in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 77657, TX

How long does it take to sell a home in 77657, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days38 Days+33.3%

Summary: Homes in 77657 had an average of 38 days on market in Oct 2024, up by 33.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77657 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 77657; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 77657, TX

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