77048 Housing Market Report December 2024•Harris County, Texas

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Housing Prices in 77048, TX

How much do homes in 77048, TX cost?

Housing Market Conditions

Is 77048, TX a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

77048 is a Buyer's Market

Difference Since December 2023

At the same time last year, 77048 was a Seller's Market.

Insight

77048 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$249,900$153/SqFt
-$1,050
-0.4%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in 77048 has remained the same since last year.

Summary: The median home sold price in 77048 was $249,900 in December 2024, down 0.4% from last year, and the median price per square foot was $153.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
77061
+11.1%
77048
-0.4%
77075
-1.9%
77047
-2.1%
77033
-5.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$125K-
N/A
2$175K$290K
+65.7%
3$250K$241K
-3.6%
4$271.9K$268.2K
-1.3%
5$232K$180K
-22.4%

Summary: 77048 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +65.7%. The home price for 3 bedroom homes decreased by -3.6%. The home price for 4 bedroom homes decreased by -1.3%. The home price for 5 bedroom homes decreased by -22.4%.

Housing supply in 77048, TX

How many homes are available in 77048, TX?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
82Last MonthDec 2024
732 months agoNov 2024
+12.3 %
Change MoMNov – Dec

Summary: The 77048 real estate market had 82 homes for sale in Dec 2024, a 12.3 % increase compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthDec 2024
132 months agoNov 2024
-53.8 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
244
0.0%
34354
+25.6%
42422
-8.3%
522
0.0%

Summary: 77048 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +25.6%. The inventory for 4 bedroom homes decreased by -8.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 77048, TX cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price1 Home

Under Asking Price2 Homes

Insight

If you're buying a home in 77048, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 77048 in December 2024, down by 53.8% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and and 50% were sold over asking.

Days on Market for 77048, TX

How long does it take to sell a home in 77048, TX?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Many homes in 77048 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in 77048; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
27 DaysThis YearDec 2024
36 Days1 year agoDec 2023
-24.4 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in 77048 had an average listing age of 27 days in Dec 2024, down by 24.4% compared to the previous year.

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Newest Listings in 77048, TX

What homes are available in 77048, TX?

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MLS Disclaimers and Copyright

Based on information from Houston REALTORS® Information Service, and Amarillo Association of REALTORS MLS for the period 01/01/2023 - 01/01/2025

Broker ReciprocityDisclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.

Copyright© 2025 Houston Realtors Information Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 1/20/2025, 8:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX information is provided exclusively for consumers' personal, non-commercial use, that may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but not guaranteed accurate by the MLS. Source of this information is from Amarillo Association of REALTORS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 1/20/2025, 8:16:05 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.