Is 77007, 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, 77007 has remained a Seller's Market.
Housing Prices in 77007, TX
How much do homes in 77007, TX cost?
Median Sold Price
$529,383
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77007 was $529,383 in March 2024, up 3.3% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $210K | -2.3% |
2 Bedrooms | $378.5K | $395K | +4.4% |
3 Bedrooms | $515K | $527.1K | +2.4% |
4 Bedrooms | $1.0M | $887.5K | -12.5% |
5+ Bedrooms | $1.3M | $1.4M | +7.2% |
Summary: 77007 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in 77007, TX
How many homes are available in 77007, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
291 | 342 | +17.5% |
Summary: The 77007 real estate market had 342 homes for sale in March 2024, a 17.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 48 | 55 | +14.6% |
3 Bedrooms | 183 | 224 | +22.4% |
4 Bedrooms | 46 | 45 | -2.2% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The 77007 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 14.6%, 3 bedroom homes increased by 22.4%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 77 | +54.0% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in 77007 in March 2024, up by 54.0% month-over-month. Of the 77 sold homes, 77% were sold under asking, 10% were sold at asking, and 13% were sold over asking.
Days on Market for 77007, TX
How long does it take to sell a home in 77007, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 27 Days | -24.4% |
Summary: Homes in 77007 had an average of 27 days on market in Mar 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 77 homes were sold in 77007; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.