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 October 2023

At the same time last year, 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

$319,450

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$44,450(+16.2%)

Key Takeaway

Homes in 77802 have sold for 16.2% more than they did a year ago.

Summary: The median home sold price in 77802 was $319,450 in October 2024, up 16.2% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $182.7K$195K
+6.7%
3 $267.5K$297.4K
+11.2%
4 $312K$396.5K
+27.1%
5+ $570K$625K
+9.6%

Summary: 77802 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 6.7%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 27.1%, and 5+ bedroom homes increased by 9.6%.

Median Sold Price Compared To Nearby Zip Codes

77802
+16.2%
77845
+0.8%

Housing Supply in 77802, TX

How many homes are available in 77802, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4448+9.1%

Summary: The 77802 real estate market had 48 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 1722
+29.4%
4 1917
-10.5%
5+ 22
0.0%

Summary: The 77802 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 increased by 16.7%, 3 bedroom homes increased by 29.4%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

6 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 77802, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 77802 in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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 2023Oct 2024CHANGE
49 Days69 Days+40.8%

Summary: Homes in 77802 had an average of 69 days on market in Oct 2024, up by 40.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77802 has remained consistent over time.

Summary: During October 2024, 8 homes were sold in 77802; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% 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 77802, TX

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