Is 77003, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 77003 was a Seller's Market.
Housing Prices in 77003, TX
How much do homes in 77003, TX cost?
Median Sold Price
$414,700
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77003 was $414,700 in March 2024, up 5% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $265K | +32.5% |
2 Bedrooms | $323K | $331K | +2.5% |
3 Bedrooms | $413.5K | $430K | +4.0% |
4 Bedrooms | $505K | $480K | -5.0% |
5+ Bedrooms | $415K | $965K | +132.5% |
Summary: 77003 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.5%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 132.5%.
Housing Supply in 77003, TX
How many homes are available in 77003, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 97 | +49.2% |
Summary: The 77003 real estate market had 97 homes for sale in March 2024, a 49.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 19 | 31 | +63.2% |
3 Bedrooms | 39 | 57 | +46.2% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 77003 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 63.2%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 12 | +140.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 77003 in March 2024, up by 140.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 42% were sold at asking, and 0% were sold over asking.
Days on Market for 77003, TX
How long does it take to sell a home in 77003, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 46 Days | +27.3% |
Summary: Homes in 77003 had an average of 46 days on market in Mar 2024, up by 27.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 77003; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.