Is 77008, 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, 77008 has remained a Seller's Market.
Housing Prices in 77008, TX
How much do homes in 77008, TX cost?
Median Sold Price
$600,737
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77008 was $600,737 in March 2024, up 6.4% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $279.5K | $550K | +96.8% |
2 Bedrooms | $485K | $510K | +5.2% |
3 Bedrooms | $535K | $571.1K | +6.8% |
4 Bedrooms | $855K | $950K | +11.1% |
5+ Bedrooms | $1.5M | $1.4M | -5.9% |
Summary: 77008 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96.8%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in 77008, TX
How many homes are available in 77008, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
288 | 338 | +17.4% |
Summary: The 77008 real estate market had 338 homes for sale in March 2024, a 17.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 34 | 35 | +2.9% |
3 Bedrooms | 198 | 225 | +13.6% |
4 Bedrooms | 42 | 59 | +40.5% |
5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The 77008 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 2.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 40.5%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 73 | +17.7% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 73 homes were sold or pending in 77008 in March 2024, up by 17.7% month-over-month. Of the 73 sold homes, 64% were sold under asking, 15% were sold at asking, and 21% were sold over asking.
Days on Market for 77008, TX
How long does it take to sell a home in 77008, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 45 Days | +28.7% |
Summary: Homes in 77008 had an average of 45 days on market in Mar 2024, up by 28.7% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During March 2024, 73 homes were sold in 77008; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.