Is 77028, 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, 77028 was a Seller's Market.
Housing Prices in 77028, TX
How much do homes in 77028, TX cost?
Median Sold Price
$225,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77028 was $225,000 in March 2024, up 3% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $165K | -13.2% |
2 Bedrooms | $130.5K | $118K | -9.6% |
3 Bedrooms | $229.9K | $231K | 0.4% |
4 Bedrooms | $229.5K | $227.5K | -0.9% |
5+ Bedrooms | $192K | $336.9K | +75.5% |
Summary: 77028 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 75.5%.
Housing Supply in 77028, TX
How many homes are available in 77028, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
118 | 147 | +24.6% |
Summary: The 77028 real estate market had 147 homes for sale in March 2024, a 24.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 84 | 109 | +29.8% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 77028 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 20%, 3 bedroom homes increased by 29.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 21 | +110.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 77028 in March 2024, up by 110.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 52% were sold at asking, and 19% were sold over asking.
Days on Market for 77028, TX
How long does it take to sell a home in 77028, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 40 Days | +56.0% |
Summary: Homes in 77028 had an average of 40 days on market in Mar 2024, up by 56% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 77028; 67% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.