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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77845 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77845 was a Seller's Market.

Key Takeaway

77845 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 77845, TX

How much do homes in 77845, TX cost?

Median Sold Price

$358,466

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,820(+0.8%)

Key Takeaway

Homes in 77845 have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in 77845 was $358,466 in October 2024, up 0.8% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $247.5K$270K
+9.1%
3 $301.7K$300K
-0.6%
4 $532.5K$443K
-16.8%
5+ $507.5K$780K
+53.7%

Summary: 77845 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 9.1%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes increased by 53.7%.

Median Sold Price Compared To Nearby Zip Codes

77802
+16.2%
77845
+0.8%

Housing Supply in 77845, TX

How many homes are available in 77845, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
150156+4.0%

Summary: The 77845 real estate market had 156 homes for sale in October 2024, a 4.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 66
0.0%
3 6163
+3.3%
4 7175
+5.6%
5+ 1212
0.0%

Summary: The 77845 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 remained the same, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2124+14.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

10 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. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 77845 in October 2024, up by 14.3% month-over-month. Of the 24 sold homes, 54% were sold under asking, 42% were sold at asking, and 4% 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

Oct 2023Oct 2024CHANGE
75 Days90 Days+20.5%

Summary: Homes in 77845 had an average of 90 days on market in Oct 2024, up by 20.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

9 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 October 2024, 24 homes were sold in 77845; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% 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 77845, TX

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