Is 77386, 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, 77386 has remained a Seller's Market.
Key Takeaway
77386 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 77386, TX
How much do homes in 77386, TX cost?
Median Sold Price
$374,995
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 77386 have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in 77386 was $374,995 in May 2024, down 1.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $190K | N/A |
| 2 Bedrooms | $211.2K | $226.2K | +7.1% |
| 3 Bedrooms | $299.9K | $294.9K | -1.7% |
| 4 Bedrooms | $415K | $425K | +2.4% |
| 5+ Bedrooms | $697K | $732.5K | +5.1% |
Summary: 77386 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 77386, TX
How many homes are available in 77386, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 313 | 365 | +16.6% |
Summary: The 77386 real estate market had 365 homes for sale in May 2024, a 16.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 93 | 119 | +28.0% |
| 4 Bedrooms | 177 | 191 | +7.9% |
| 5+ Bedrooms | 38 | 50 | +31.6% |
Summary: The 77386 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 31.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 77 | 72 | -6.5% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77386, you may be able to get a good deal. 65.7% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in 77386 in May 2024, down by 6.5% month-over-month. Of the 70 sold homes, 66% were sold under asking, 23% were sold at asking, and 11% were sold over asking.
Days on Market for 77386, TX
How long does it take to sell a home in 77386, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 36 Days | +74.6% |
Summary: Homes in 77386 had an average of 36 days on market in May 2024, up by 74.6% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77386 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 72 homes were sold in 77386; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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