Is 77429, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 77429 has remained a Seller's Market.
Housing Prices in 77429, TX
How much do homes in 77429, TX cost?
Median Sold Price
$375,357
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77429 was $375,357 in May 2024, up 0.1% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108K | $115K | +6.5% |
2 Bedrooms | $224K | $227.5K | +1.6% |
3 Bedrooms | $309.9K | $309K | -0.3% |
4 Bedrooms | $409.6K | $415K | +1.3% |
5+ Bedrooms | $515K | $553.5K | +7.5% |
Summary: 77429 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in 77429, TX
How many homes are available in 77429, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
361 | 416 | +15.2% |
Summary: The 77429 real estate market had 416 homes for sale in May 2024, a 15.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 6 | -33.3% |
3 Bedrooms | 118 | 137 | +16.1% |
4 Bedrooms | 177 | 205 | +15.8% |
5+ Bedrooms | 56 | 67 | +19.6% |
Summary: The 77429 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 19.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
95 | 98 | +3.2% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 98 homes were sold or pending in 77429 in May 2024, up by 3.2% month-over-month. Of the 98 sold homes, 53% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for 77429, TX
How long does it take to sell a home in 77429, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 20 Days | -13.7% |
Summary: Homes in 77429 had an average of 20 days on market in May 2024, down by 13.7% compared to last year.
Breakdown of Home Sale Times
78 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 98 homes were sold in 77429; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.