Is 77042, 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, 77042 has remained a Seller's Market.
Housing Prices in 77042, TX
How much do homes in 77042, TX cost?
Median Sold Price
$235,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77042 was $235,000 in March 2024, down 5.6% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $97K | +14.1% |
2 Bedrooms | $143K | $155K | +8.4% |
3 Bedrooms | $405K | $475K | +17.3% |
4 Bedrooms | $580K | $675K | +16.4% |
5+ Bedrooms | $635.5K | $808.7K | +27.3% |
Summary: 77042 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 27.3%.
Housing Supply in 77042, TX
How many homes are available in 77042, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 157 | +48.1% |
Summary: The 77042 real estate market had 157 homes for sale in March 2024, a 48.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 23 | +9.5% |
2 Bedrooms | 28 | 47 | +67.9% |
3 Bedrooms | 23 | 34 | +47.8% |
4 Bedrooms | 29 | 43 | +48.3% |
5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The 77042 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 67.9%, 3 bedroom homes increased by 47.8%, 4 bedroom homes increased by 48.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 27 | +58.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 77042 in March 2024, up by 58.8% month-over-month. Of the 27 sold homes, 74% were sold under asking, 15% were sold at asking, and 11% were sold over asking.
Days on Market for 77042, TX
How long does it take to sell a home in 77042, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 59 Days | +111.6% |
Summary: Homes in 77042 had an average of 59 days on market in Mar 2024, up by 111.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 77042; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.