Is 77659, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77659 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77659 was a Buyer's Market.

Key Takeaway

77659 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77659, TX

How much do homes in 77659, TX cost?

Median Sold Price

$268,500

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$31,490(-10.5%)

Key Takeaway

Homes in 77659 have sold for 10.5% less than they did a year ago.

Summary: The median home sold price in 77659 was $268,500 in October 2024, down 10.5% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $110.2K$160K
+45.1%
3 $309.9K$265.5K
-14.3%
4 $298.5K$297.8K
-0.2%
5+ $568K$244.4K
-57.0%

Summary: 77659 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 45.1%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 57%.

Housing Supply in 77659, TX

How many homes are available in 77659, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2319-17.4%

Summary: The 77659 real estate market had 19 homes for sale in October 2024, a 17.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 43
-25.0%
3 96
-33.3%
4 98
-11.1%
5+ 11
0.0%

Summary: The 77659 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77659, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 77659 in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 77659, TX

How long does it take to sell a home in 77659, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
76 Days50 Days-33.9%

Summary: Homes in 77659 had an average of 50 days on market in Oct 2024, down by 33.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77659 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 77659; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 77659, TX

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