Is 77040, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, 77040 has remained a Seller's Market.
Housing Prices in 77040, TX
How much do homes in 77040, TX cost?
Median Sold Price
$296,333
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in 77040 was $296,333 in June 2024, up 3.5% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $520K | N/A |
2 Bedrooms | $204K | $235K | +15.2% |
3 Bedrooms | $257K | $267.5K | +4.1% |
4 Bedrooms | $372K | $376.9K | +1.3% |
5+ Bedrooms | $565K | $486K | -14.0% |
Summary: 77040 housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 14%.
Housing Supply in 77040, TX
How many homes are available in 77040, TX?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
87 | 113 | +29.9% |
Summary: The 77040 real estate market had 113 homes for sale in June 2024, a 29.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 48 | 53 | +10.4% |
4 Bedrooms | 28 | 48 | +71.4% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 77040 housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 77040 in June 2024, up by 10.5% month-over-month. Of the 21 sold homes, 52% were sold under asking, 29% were sold at asking, and 19% were sold over asking.
Days on Market for 77040, TX
How long does it take to sell a home in 77040, TX?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
31 Days | 24 Days | -21.7% |
Summary: Homes in 77040 had an average of 24 days on market in Jun 2024, down by 21.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 21 homes were sold in 77040; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.