Is 77022, 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, 77022 was a Neutral Market.
Key Takeaway
77022 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77022, TX
How much do homes in 77022, TX cost?
Median Sold Price
$299,900
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 77022 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 77022 was $299,900 in March 2024, up 7.1% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $162.5K | -27.8% |
| 2 Bedrooms | $185K | $215K | +16.2% |
| 3 Bedrooms | $304.9K | $300K | -1.6% |
| 4 Bedrooms | $280K | $317.7K | +13.5% |
| 5+ Bedrooms | $365K | $970K | +165.8% |
Summary: 77022 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.8%, 2 bedroom homes increased by 16.2%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 165.8%.
Housing Supply in 77022, TX
How many homes are available in 77022, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 118 | 153 | +29.7% |
Summary: The 77022 real estate market had 153 homes for sale in March 2024, a 29.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 15 | 18 | +20.0% |
| 3 Bedrooms | 84 | 111 | +32.1% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 77022 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77022, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 77022 in March 2024, up by 42.9% month-over-month. Of the 20 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 77022, TX
How long does it take to sell a home in 77022, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 46 Days | +10.8% |
Summary: Homes in 77022 had an average of 46 days on market in Mar 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77022 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in 77022; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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