Is 77494, 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, 77494 has remained a Seller's Market.
Housing Prices in 77494, TX
How much do homes in 77494, TX cost?
Median Sold Price
$495,231
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77494 was $495,231 in May 2024, up 1.2% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $30K | N/A |
2 Bedrooms | $358.3K | $360K | 0.5% |
3 Bedrooms | $368K | $375K | +1.9% |
4 Bedrooms | $492.5K | $510K | +3.5% |
5+ Bedrooms | $707.3K | $735.1K | +3.9% |
Summary: 77494 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 0.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 77494, TX
How many homes are available in 77494, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
482 | 621 | +28.8% |
Summary: The 77494 real estate market had 621 homes for sale in May 2024, a 28.8% 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 | 10 | 8 | -20.0% |
3 Bedrooms | 97 | 102 | +5.2% |
4 Bedrooms | 272 | 347 | +27.6% |
5+ Bedrooms | 102 | 163 | +59.8% |
Summary: The 77494 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 20%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes increased by 59.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
152 | 172 | +13.2% |
Asking Price vs. Sold Price
78 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Summary: A total of 172 homes were sold or pending in 77494 in May 2024, up by 13.2% month-over-month. Of the 172 sold homes, 45% were sold under asking, 19% were sold at asking, and 36% were sold over asking.
Days on Market for 77494, TX
How long does it take to sell a home in 77494, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 25 Days | +13.8% |
Summary: Homes in 77494 had an average of 25 days on market in May 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
138 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 172 homes were sold in 77494; 80% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.