Is 77027, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 77027 was a Seller's Market.
Housing Prices in 77027, TX
How much do homes in 77027, TX cost?
Median Sold Price
$680,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77027 was $680,000 in April 2024, down 7.5% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126.7K | $127.5K | +0.6% |
2 Bedrooms | $296.2K | $330K | +11.4% |
3 Bedrooms | $767.5K | $818K | +6.6% |
4 Bedrooms | $1.5M | $1.7M | +15.4% |
5+ Bedrooms | $2.3M | $2.7M | +17.8% |
Summary: 77027 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 17.8%.
Housing Supply in 77027, TX
How many homes are available in 77027, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
127 | 152 | +19.7% |
Summary: The 77027 real estate market had 152 homes for sale in April 2024, a 19.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 37 | 46 | +24.3% |
3 Bedrooms | 46 | 51 | +10.9% |
4 Bedrooms | 22 | 25 | +13.6% |
5+ Bedrooms | 13 | 20 | +53.8% |
Summary: The 77027 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 53.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 19 | -26.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 77027 in April 2024, down by 26.9% month-over-month. Of the 19 sold homes, 74% were sold under asking, 21% were sold at asking, and 5% were sold over asking.
Days on Market for 77027, TX
How long does it take to sell a home in 77027, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 38 Days | +3.6% |
Summary: Homes in 77027 had an average of 38 days on market in Apr 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in 77027; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.