Is 77041, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 77041 has remained a Seller's Market.
Housing Prices in 77041, TX
How much do homes in 77041, TX cost?
Median Sold Price
$355,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77041 was $355,000 in March 2024, up 9.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $138K | N/A |
2 Bedrooms | $180K | $199.9K | +11.1% |
3 Bedrooms | $258.5K | $278K | +7.5% |
4 Bedrooms | $420K | $396K | -5.7% |
5+ Bedrooms | $589K | $625K | +6.1% |
Summary: 77041 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 11.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in 77041, TX
How many homes are available in 77041, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 71 | +22.4% |
Summary: The 77041 real estate market had 71 homes for sale in March 2024, a 22.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 21 | 27 | +28.6% |
4 Bedrooms | 28 | 32 | +14.3% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The 77041 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 decreased by 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 77041 in March 2024, up by 21.4% month-over-month. Of the 17 sold homes, 59% were sold under asking, 18% were sold at asking, and 24% were sold over asking.
Days on Market for 77041, TX
How long does it take to sell a home in 77041, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 36 Days | -40.8% |
Summary: Homes in 77041 had an average of 36 days on market in Mar 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 77041; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.