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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77856 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 77856 has remained a Buyer's Market.

Key Takeaway

77856 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77856, TX

How much do homes in 77856, TX cost?

Median Sold Price

$358,000

$226/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$73,050(+25.6%)

Key Takeaway

Homes in 77856 have sold for 25.6% more than they did a month ago.

Summary: The median home sold price in 77856 was $358,000 in December 2024, up 25.6% from last month, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $284.9K$301K
+5.6%
4 -$415K
N/A
5+ --
N/A

Summary: 77856 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 increased by 5.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

77856
+25.6%
77871
-25.2%

Housing Supply in 77856, TX

How many homes are available in 77856, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
32320.0%

Summary: The 77856 real estate market had 32 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 77
0.0%
3 1412
-14.3%
4 911
+22.2%
5+ 12
+100.0%

Summary: The 77856 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 decreased by 14.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 77856 in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Nov 2024Dec 2024CHANGE
183 Days324 Days+76.6%

Summary: Homes in 77856 had an average of 324 days on market in Dec 2024, up by 76.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 77856 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 2 homes were sold in 77856; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 77856, TX

Nearby Markets to 77856, TX