Is 77036, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77036 is a seller's market

Buyer's
Market

Difference Since January 2023

At the same time last year, 77036 was a Neutral Market.

Key Takeaway

77036 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 77036, TX

How much do homes in 77036, TX cost?

Median Sold Price

$200,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$17,500(-8.0%)

Key Takeaway

Homes in 77036 have sold for 8% less than they did a year ago.

Summary: The median home sold price in 77036 was $200,000 in January 2024, down 8% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $60K$60K
0.0%
2 $115K$135K
+17.4%
3 $265K$255.3K
-3.7%
4 $305K$295K
-3.3%
5+ $325K$357.5K
+10.0%

Summary: 77036 housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.4%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Zip Codes

77072
+2.3%
77074
-1.9%
77042
-6.6%
77036
-8.0%
77063
-8.3%

Housing Supply in 77036, TX

How many homes are available in 77036, TX?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
6784+25.4%

Summary: The 77036 real estate market had 84 homes for sale in January 2024, a 25.4% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 1313
0.0%
2 2133
+57.1%
3 2021
+5.0%
4 911
+22.2%
5+ 46
+50.0%

Summary: The 77036 housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
1115+36.4%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77036, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 77036 in January 2024, up by 36.4% month-over-month. Of the 15 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 77036, TX

How long does it take to sell a home in 77036, TX?

Average Sale Time

Jan 2023Jan 2024CHANGE
18 Days57 Days+206.0%

Summary: Homes in 77036 had an average of 57 days on market in Jan 2024, up by 206% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77036 are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 15 homes were sold in 77036; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 77036, TX

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