Is 77407, 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, 77407 has remained a Seller's Market.
Housing Prices in 77407, TX
How much do homes in 77407, TX cost?
Median Sold Price
$383,700
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77407 was $383,700 in May 2024, up 1.5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $262.7K | N/A |
3 Bedrooms | $320K | $324.4K | +1.4% |
4 Bedrooms | $407.4K | $408K | 0.1% |
5+ Bedrooms | $540K | $560K | +3.7% |
Summary: 77407 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 did not change, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 77407, TX
How many homes are available in 77407, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
237 | 301 | +27.0% |
Summary: The 77407 real estate market had 301 homes for sale in May 2024, a 27.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 71 | 96 | +35.2% |
4 Bedrooms | 130 | 165 | +26.9% |
5+ Bedrooms | 35 | 40 | +14.3% |
Summary: The 77407 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 100%, 3 bedroom homes increased by 35.2%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 68 | +36.0% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in 77407 in May 2024, up by 36.0% month-over-month. Of the 68 sold homes, 57% were sold under asking, 19% were sold at asking, and 24% were sold over asking.
Days on Market for 77407, TX
How long does it take to sell a home in 77407, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 22 Days | -32.7% |
Summary: Homes in 77407 had an average of 22 days on market in May 2024, down by 32.7% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 68 homes were sold in 77407; 74% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.