Is 77802, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77802 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 77802 was a Seller's Market.

Key Takeaway

77802 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 77802, TX

How much do homes in 77802, TX cost?

Median Sold Price

$322,450

$160/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$5,450(+1.7%)

Key Takeaway

Homes in 77802 have sold for 1.7% more than they did a month ago.

Summary: The median home sold price in 77802 was $322,450 in November 2024, up 1.7% from last month, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $155K$349.5K
+125.5%
3 $319K$322.4K
+1.1%
4 $427.4K$271.5K
-36.5%
5+ --
N/A

Summary: 77802 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 125.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 36.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

77802
+1.7%
77801
-33.9%

Housing Supply in 77802, TX

How many homes are available in 77802, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4240-4.8%

Summary: The 77802 real estate market had 40 homes for sale in November 2024, a 4.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 2020
0.0%
4 1413
-7.1%
5+ 12
+100.0%

Summary: The 77802 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 decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77802, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 77802 in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for 77802, TX

How long does it take to sell a home in 77802, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
69 Days82 Days+18.8%

Summary: Homes in 77802 had an average of 82 days on market in Nov 2024, up by 18.8% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77802 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in 77802; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 77802, TX

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