Is 77029, 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, 77029 was a Seller's Market.
Housing Prices in 77029, TX
How much do homes in 77029, TX cost?
Median Sold Price
$195,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77029 was $195,000 in March 2024, down 2% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | - | N/A |
2 Bedrooms | $121K | $129K | +6.6% |
3 Bedrooms | $205K | $216K | +5.4% |
4 Bedrooms | $205K | $193.5K | -5.6% |
5+ Bedrooms | - | $279K | N/A |
Summary: 77029 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
77029 | $199K | $195K | -2.0% |
77020 | $349.9K | $334.9K | -4.3% |
77547 | $185K | $176K | -4.9% |
Housing Supply in 77029, TX
How many homes are available in 77029, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 59 | +13.5% |
Summary: The 77029 real estate market had 59 homes for sale in March 2024, a 13.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 39 | 42 | +7.7% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The 77029 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 14.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 77029 in March 2024, down by 36.4% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 77029, TX
How long does it take to sell a home in 77029, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 23 Days | -67.6% |
Summary: Homes in 77029 had an average of 23 days on market in Mar 2024, down by 67.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in 77029; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.