Is 77016, 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, 77016 has remained a Seller's Market.
Housing Prices in 77016, TX
How much do homes in 77016, TX cost?
Median Sold Price
$193,250
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77016 was $193,250 in March 2024, down 8% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120.5K | $70K | -41.9% |
2 Bedrooms | $187K | $135K | -27.8% |
3 Bedrooms | $196K | $183.7K | -6.3% |
4 Bedrooms | $228K | $222K | -2.6% |
5+ Bedrooms | $300.5K | $277.4K | -7.7% |
Summary: 77016 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.9%, 2 bedroom homes decreased by 27.8%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 7.7%.
Housing Supply in 77016, TX
How many homes are available in 77016, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 101 | +8.6% |
Summary: The 77016 real estate market had 101 homes for sale in March 2024, a 8.6% 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 | 10 | 16 | +60.0% |
3 Bedrooms | 51 | 59 | +15.7% |
4 Bedrooms | 21 | 17 | -19.0% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The 77016 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 60%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 77016 in March 2024, the same as the previous month. Of the 18 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 77016, TX
How long does it take to sell a home in 77016, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 30 Days | -2.5% |
Summary: Homes in 77016 had an average of 30 days on market in Mar 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 77016; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.