Is 77031, 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, 77031 was a Seller's Market.
Housing Prices in 77031, TX
How much do homes in 77031, TX cost?
Median Sold Price
$263,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77031 was $263,000 in April 2024, up 6.5% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $115K | +21.1% |
2 Bedrooms | $80K | $140K | +75.0% |
3 Bedrooms | $230K | $242.5K | +5.4% |
4 Bedrooms | $278K | $273.5K | -1.6% |
5+ Bedrooms | $270K | $325K | +20.4% |
Summary: 77031 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.1%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 20.4%.
Housing Supply in 77031, TX
How many homes are available in 77031, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 32 | +18.5% |
Summary: The 77031 real estate market had 32 homes for sale in April 2024, a 18.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 12 | 16 | +33.3% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 77031 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 77031 in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for 77031, TX
How long does it take to sell a home in 77031, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 76 Days | +1267.9% |
Summary: Homes in 77031 had an average of 76 days on market in Apr 2024, up by 1267.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in 77031; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.