Is 77845, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77845 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 77845 has remained a Buyer's Market.

Key Takeaway

77845 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77845, TX

How much do homes in 77845, TX cost?

Median Sold Price

$340,000

$187/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$45,000(-11.7%)

Key Takeaway

Homes in 77845 have sold for 11.7% less than they did a month ago.

Summary: The median home sold price in 77845 was $340,000 in December 2024, down 11.7% from last month, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $172K$152K
-11.6%
3 $359K$309.4K
-13.8%
4 $374.9K$434.5K
+15.9%
5+ $830K-
N/A

Summary: 77845 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 decreased by 11.6%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

77801
+58.3%
77845
-11.7%
77840
-39.8%

Housing Supply in 77845, TX

How many homes are available in 77845, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
464470+1.3%

Summary: The 77845 real estate market had 470 homes for sale in December 2024, a 1.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 1414
0.0%
3 178181
+1.7%
4 225225
0.0%
5+ 4650
+8.7%

Summary: The 77845 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 1.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2132+52.4%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77845, you may be able to get a good deal. 69% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 77845 in December 2024, up by 52.4% month-over-month. Of the 29 sold homes, 69% were sold under asking, 28% were sold at asking, and 3% were sold over asking.

Days on Market for 77845, TX

How long does it take to sell a home in 77845, TX?

Average Sale Time

Nov 2024Dec 2024CHANGE
60 Days68 Days+12.2%

Summary: Homes in 77845 had an average of 68 days on market in Dec 2024, up by 12.2% compared to last month.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 77845 has remained consistent over time.

Summary: During December 2024, 32 homes were sold in 77845; 31% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 22% 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 77845, TX

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