76437 is an average-sized zip code in Texas with 5,824 residents. Its population is growing slower than the rest of the state, at a 10-year growth rate of 2.4%. Detached homes account for 97% of the area's current housing market.
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$2.6M  
The number of price cuts in the 76437 zip code market climbed to seven over the last 30 days, furthering an emerging positive trend. Even with the drops in list prices, sales remained the same with two homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price jumped to $98,000 over the latest reporting period for the 76437 zip code, up from $67,840. Along with flat sales, a relatively high 32 months of inventory indicates that the 76437 zip code is a solid buyer's market.
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$105K  
Over the last 30 days, the 76437 zip code market was steady and saw two homes sold. However, the number of pending transactions continued to decline, with a total of three transactions during the same period. All indications show that the trend should continue, meaning less pending transactions over the next few weeks. The median sales price rose to $67,840 over the latest reporting period for the 76437 zip code, up from $61,090. The 76437 zip code is a solid buyer's market with 33 months of inventory to choose from, aided by the downturn in contracts.
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$689K  
The 76437 zip code market saw sales remain flat this week with two homes sold over the last 30 days but new listings plummeted to 10. Pricing in the 76437 zip code remains consistent from last week to this week, with the median sales price at $61,090 again. With no movement in sales and the availability of 34 months of inventory, the 76437 zip code is a definite buyer's market.
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$199K  
The 76437 zip code market saw two homes go under contract and failed to break out of a new downward trend. Along with that, total home sales fell to three over the last 30 days. Potential buyers should note that prices went up in the 76437 zip code, with the median for this period rising from $53,250 to $64,680. The 76437 zip code is a definite buyer's market, due to a downward trend in contracts numbers and 22 months of inventory remaining.
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76437 is a less affluent than average zip code in Texas with a median income of $35,614 per household. The population is also considered younger than most with a median age of 41 years. The 76437 zip code is an area where most people own their homes, with an ownership ratio of 55.5%.
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$861K  
A dip in the number of pending transactions in the 76437 zip code market over the last 30 days has resulted in the lowest levels for contracts in three months. While two homes went under contract, there were four completed sales. In comparison, the 76801 zip code had 26 contracts executed in the same time frame, the most of all nearby zip codes. The median sales price in the 76437 zip code stayed put this week at $53,250. With a downward trend in contracts numbers and 18 months of inventory still left to work through, the 76437 zip code is a strong buyer's market.
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$861K  
Home sales in the 76437 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they slid 20.0% to four homes sold over the last 30 days. Meanwhile, the 76801 zip code reported 31 home sales, the highest number from all the surrounding zip codes. Prices are falling in the 76437 zip code, and this period the median price of all sales fell from $59,000 to $53,250. The 76437 zip code is a definite buyer's market, due to a big 16 months of inventory left and aided by the dip in sales.
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$149K  
The number of home sales in the 76437 zip code market jumped 66.7% to five homes over the last 30 days, exceeding the 4.8 monthly average for the last 12 months. To put it in perspective, the close-by 76801 zip code registered 33 homes sold in the same period, the most of all surrounding zip codes. Prices are rising in the 76437 zip code, and the median sales price this period increased from $47,500 to $59,000. The 76437 zip code is still a definite buyer's market, due to the availability of 12 months of remaining inventory, even after the uptick in sales.
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$1.5M  
The number of homes coming into the 76437 zip code market fell to five listings over the last 30 days, while sales remained right where they were as once again three homes were sold over the same period. The median sales price dropped to $47,500 over the latest reporting period for the 76437 zip code, down from $65,000. Along with flat sales, a relatively high 19 months of inventory indicates that the 76437 zip code is a solid buyer's market.
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