Is 77035, 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, 77035 was a Seller's Market.
Housing Prices in 77035, TX
How much do homes in 77035, TX cost?
Median Sold Price
$287,125
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77035 was $287,125 in March 2024, up 10.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75.5K | $76K | +0.7% |
2 Bedrooms | $119.7K | $119.5K | -0.2% |
3 Bedrooms | $299.5K | $315K | +5.2% |
4 Bedrooms | $339.9K | $350K | +3.0% |
5+ Bedrooms | $390K | $750.5K | +92.4% |
Summary: 77035 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 92.4%.
Housing Supply in 77035, TX
How many homes are available in 77035, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 130 | +22.6% |
Summary: The 77035 real estate market had 130 homes for sale in March 2024, a 22.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 15 | +50.0% |
2 Bedrooms | 23 | 28 | +21.7% |
3 Bedrooms | 55 | 61 | +10.9% |
4 Bedrooms | 18 | 26 | +44.4% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 77035 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 17 | -22.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 77035 in March 2024, down by 22.7% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% were sold over asking.
Days on Market for 77035, TX
How long does it take to sell a home in 77035, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 44 Days | -8.6% |
Summary: Homes in 77035 had an average of 44 days on market in Mar 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 77035; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.