Is 77801, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77801 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 77801 has remained a Buyer's Market.

Key Takeaway

77801 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77801, TX

How much do homes in 77801, TX cost?

Median Sold Price

$310,000

$148/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$2,805,000(-90.0%)

Key Takeaway

Homes in 77801 have sold for 90% less than they did a month ago.

Summary: The median home sold price in 77801 was $310,000 in October 2024, down 90% from last month, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$320K
N/A
3 $230K-
N/A
4 -$300K
N/A
5+ $6.0M-
N/A

Summary: 77801 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 77801, TX

How many homes are available in 77801, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2826-7.1%

Summary: The 77801 real estate market had 26 homes for sale in October 2024, a 7.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 99
0.0%
3 1312
-7.7%
4 33
0.0%
5+ 10
-100.0%

Summary: The 77801 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 decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77801, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 77801 in October 2024, up by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 77801, TX

How long does it take to sell a home in 77801, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
36 Days21 Days-41.7%

Summary: Homes in 77801 had an average of 21 days on market in Oct 2024, down by 41.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77801 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 77801; 33% of homes were sold within 30 days, 33% 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 21 Days Ago

Newest Listings in 77801, TX

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