Is 77808, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77808 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 77808 has remained a Buyer's Market.

Key Takeaway

77808 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77808, TX

How much do homes in 77808, TX cost?

Median Sold Price

$575,000

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$117,500(+25.7%)

Key Takeaway

Homes in 77808 have sold for 25.7% more than they did a year ago.

Summary: The median home sold price in 77808 was $575,000 in November 2024, up 25.7% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $430K$770K
+79.1%
3 $407.4K$442.5K
+8.6%
4 $512K$584.9K
+14.2%
5+ $572K$599K
+4.7%

Summary: 77808 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 79.1%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 4.7%.

Housing Supply in 77808, TX

How many homes are available in 77808, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3741+10.8%

Summary: The 77808 real estate market had 41 homes for sale in November 2024, a 10.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1216
+33.3%
4 2120
-4.8%
5+ 34
+33.3%

Summary: The 77808 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77808, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 77808 in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 77808, TX

How long does it take to sell a home in 77808, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
90 Days93 Days+3.9%

Summary: Homes in 77808 had an average of 93 days on market in Nov 2024, up by 3.9% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in 77808 has remained consistent over time.

Summary: During November 2024, 2 homes were sold in 77808; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 2 Days Ago

Newest Listings in 77808, TX

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