Is 77005, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 77005 has remained a Seller's Market.
Housing Prices in 77005, TX
How much do homes in 77005, TX cost?
Median Sold Price
$1,531,000
$462/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77005 was $1,531,000 in March 2024, up 9.4% from last year, and the median price per square foot was $462.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $780K | +372.7% |
2 Bedrooms | $437.5K | $443.5K | +1.4% |
3 Bedrooms | $925.9K | $1.0M | +9.5% |
4 Bedrooms | $1.6M | $1.7M | +6.1% |
5+ Bedrooms | $2.3M | $2.3M | +1.6% |
Summary: 77005 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 372.7%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 1.6%.
Housing Supply in 77005, TX
How many homes are available in 77005, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
98 | 121 | +23.5% |
Summary: The 77005 real estate market had 121 homes for sale in March 2024, a 23.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 25 | 32 | +28.0% |
4 Bedrooms | 47 | 51 | +8.5% |
5+ Bedrooms | 11 | 22 | +100.0% |
Summary: The 77005 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 23 | +9.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 77005 in March 2024, up by 9.5% month-over-month. Of the 23 sold homes, 61% were sold under asking, 4% were sold at asking, and 35% were sold over asking.
Days on Market for 77005, TX
How long does it take to sell a home in 77005, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 22 Days | -9.7% |
Summary: Homes in 77005 had an average of 22 days on market in Mar 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 77005; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.