Is 77047, 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, 77047 has remained a Seller's Market.
Housing Prices in 77047, TX
How much do homes in 77047, TX cost?
Median Sold Price
$255,000
$145/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in 77047 was $255,000 in March 2024, the same as last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $123K | $785K | +538.2% |
3 Bedrooms | $242K | $240K | -0.8% |
4 Bedrooms | $284K | $265K | -6.7% |
5+ Bedrooms | $316.8K | $346.5K | +9.4% |
Summary: 77047 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 538.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 9.4%.
Housing Supply in 77047, TX
How many homes are available in 77047, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
88 | 96 | +9.1% |
Summary: The 77047 real estate market had 96 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 58 | 62 | +6.9% |
4 Bedrooms | 27 | 33 | +22.2% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 77047 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 100%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 18 | +63.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 77047 in March 2024, up by 63.6% month-over-month. Of the 18 sold homes, 72% were sold under asking, 28% were sold at asking, and 0% were sold over asking.
Days on Market for 77047, TX
How long does it take to sell a home in 77047, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 31 Days | -33.5% |
Summary: Homes in 77047 had an average of 31 days on market in Mar 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 77047; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.