Is 77856, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77856 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 77856 was a Buyer's Market.

Key Takeaway

77856 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 77856, TX

How much do homes in 77856, TX cost?

Median Sold Price

$547,700

$281/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$69,050(+14.4%)

Key Takeaway

Homes in 77856 have sold for 14.4% more than they did a month ago.

Summary: The median home sold price in 77856 was $547,700 in October 2024, up 14.4% from last month, and the median price per square foot was $281.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$547.7K
N/A
3 $632.1K$247K
-60.9%
4 $325.2K$817K
+151.2%
5+ --
N/A

Summary: 77856 housing prices by bedroom type for October 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 60.9%, 4 bedroom homes increased by 151.2%, and 5+ bedroom homes did not change.

Housing Supply in 77856, TX

How many homes are available in 77856, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1918-5.3%

Summary: The 77856 real estate market had 18 homes for sale in October 2024, a 5.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 77
0.0%
3 77
0.0%
4 54
-20.0%
5+ 00
0.0%

Summary: The 77856 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 remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 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 77856, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 77856 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 77856, TX

How long does it take to sell a home in 77856, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
9 Days60 Days+566.7%

Summary: Homes in 77856 had an average of 60 days on market in Oct 2024, up by 566.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in 77856 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 77856; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

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