Is 77009, 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, 77009 was a Seller's Market.
Housing Prices in 77009, TX
How much do homes in 77009, TX cost?
Median Sold Price
$460,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77009 was $460,000 in March 2024, down 1% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $290K | +41.5% |
2 Bedrooms | $430K | $397.7K | -7.5% |
3 Bedrooms | $458.8K | $465K | +1.3% |
4 Bedrooms | $987.6K | $875K | -11.4% |
5+ Bedrooms | $1.2M | $675K | -46.0% |
Summary: 77009 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.5%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 46%.
Housing Supply in 77009, TX
How many homes are available in 77009, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
273 | 351 | +28.6% |
Summary: The 77009 real estate market had 351 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 14 | 0.0% |
2 Bedrooms | 54 | 74 | +37.0% |
3 Bedrooms | 150 | 193 | +28.7% |
4 Bedrooms | 40 | 55 | +37.5% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 77009 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 37%, 3 bedroom homes increased by 28.7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 47 | +56.7% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in 77009 in March 2024, up by 56.7% month-over-month. Of the 47 sold homes, 55% were sold under asking, 23% were sold at asking, and 21% were sold over asking.
Days on Market for 77009, TX
How long does it take to sell a home in 77009, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 44 Days | +37.7% |
Summary: Homes in 77009 had an average of 44 days on market in Mar 2024, up by 37.7% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 47 homes were sold in 77009; 66% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.