Is 77023, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 77023 has remained a Seller's Market.
Housing Prices in 77023, TX
How much do homes in 77023, TX cost?
Median Sold Price
$335,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77023 was $335,000 in April 2024, down 1.4% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $495K | $273K | -44.8% |
2 Bedrooms | $305K | $266K | -12.8% |
3 Bedrooms | $340K | $354.7K | +4.3% |
4 Bedrooms | $430K | $419.9K | -2.3% |
5+ Bedrooms | $393.7K | $407K | +3.4% |
Summary: 77023 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.8%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Zip Codes
77003 | $400K | $410.7K | +2.7% |
77023 | $339.7K | $335K | -1.4% |
Housing Supply in 77023, TX
How many homes are available in 77023, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
95 | 103 | +8.4% |
Summary: The 77023 real estate market had 103 homes for sale in April 2024, a 8.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 30 | 28 | -6.7% |
3 Bedrooms | 46 | 49 | +6.5% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 77023 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 77023 in April 2024, up by 12.5% month-over-month. Of the 18 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for 77023, TX
How long does it take to sell a home in 77023, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 55 Days | +92.5% |
Summary: Homes in 77023 had an average of 55 days on market in Apr 2024, up by 92.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in 77023; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.