Is 77006, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 77006 has remained a Seller's Market.
Housing Prices in 77006, TX
How much do homes in 77006, TX cost?
Median Sold Price
$560,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77006 was $560,000 in April 2024, up 0.9% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.8K | $215K | -6.4% |
2 Bedrooms | $376K | $414.5K | +10.2% |
3 Bedrooms | $605K | $594.5K | -1.7% |
4 Bedrooms | $820K | $972K | +18.5% |
5+ Bedrooms | $967.6K | $1.6M | +65.4% |
Summary: 77006 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes increased by 10.2%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 65.4%.
Housing Supply in 77006, TX
How many homes are available in 77006, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
170 | 197 | +15.9% |
Summary: The 77006 real estate market had 197 homes for sale in April 2024, a 15.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 17 | +13.3% |
2 Bedrooms | 41 | 43 | +4.9% |
3 Bedrooms | 82 | 100 | +22.0% |
4 Bedrooms | 27 | 28 | +3.7% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The 77006 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 40 | +48.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 77006 in April 2024, up by 48.1% month-over-month. Of the 40 sold homes, 65% were sold under asking, 8% were sold at asking, and 28% were sold over asking.
Days on Market for 77006, TX
How long does it take to sell a home in 77006, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 22 Days | -47.2% |
Summary: Homes in 77006 had an average of 22 days on market in Apr 2024, down by 47.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 40 homes were sold in 77006; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.