Is 77840, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77840 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 77840 has remained a Buyer's Market.

Key Takeaway

77840 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77840, TX

How much do homes in 77840, TX cost?

Median Sold Price

$230,000

$175/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$151,805(-39.8%)

Key Takeaway

Homes in 77840 have sold for 39.8% less than they did a month ago.

Summary: The median home sold price in 77840 was $230,000 in December 2024, down 39.8% from last month, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$230K
N/A
3 $377.6K$235K
-37.8%
4 $340K$205K
-39.7%
5+ $452.6K-
N/A

Summary: 77840 housing prices by bedroom type for December 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 decreased by 37.8%, 4 bedroom homes decreased by 39.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

77801
+58.3%
77840
-39.8%

Housing Supply in 77840, TX

How many homes are available in 77840, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
109112+2.8%

Summary: The 77840 real estate market had 112 homes for sale in December 2024, a 2.8% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 68
+33.3%
2 1821
+16.7%
3 4345
+4.7%
4 3130
-3.2%
5+ 118
-27.3%

Summary: The 77840 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 27.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

7 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 77840, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 77840 in December 2024, up by 33.3% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 77840, TX

How long does it take to sell a home in 77840, TX?

Average Sale Time

Nov 2024Dec 2024CHANGE
40 Days32 Days-19.5%

Summary: Homes in 77840 had an average of 32 days on market in Dec 2024, down by 19.5% compared to last month.

Breakdown of Home Sale Times

4 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 77840 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 8 homes were sold in 77840; 50% of homes were sold within 30 days, 25% 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 6 Days Ago

Newest Listings in 77840, TX

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