Is 77053, 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, 77053 has remained a Seller's Market.
Housing Prices in 77053, TX
How much do homes in 77053, TX cost?
Median Sold Price
$220,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77053 was $220,000 in March 2024, up 2.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $149K | $145.4K | -2.4% |
3 Bedrooms | $205K | $214.5K | +4.6% |
4 Bedrooms | $230K | $243.5K | +5.9% |
5+ Bedrooms | $238.5K | $340K | +42.6% |
Summary: 77053 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 decreased by 2.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 42.6%.
Housing Supply in 77053, TX
How many homes are available in 77053, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 76 | +35.7% |
Summary: The 77053 real estate market had 76 homes for sale in March 2024, a 35.7% 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 | 5 | 7 | +40.0% |
3 Bedrooms | 29 | 39 | +34.5% |
4 Bedrooms | 19 | 26 | +36.8% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 77053 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 increased by 40%, 3 bedroom homes increased by 34.5%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 20 | +185.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 77053 in March 2024, up by 185.7% month-over-month. Of the 20 sold homes, 45% were sold under asking, 30% were sold at asking, and 25% were sold over asking.
Days on Market for 77053, TX
How long does it take to sell a home in 77053, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 36 Days | -24.9% |
Summary: Homes in 77053 had an average of 36 days on market in Mar 2024, down by 24.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 77053; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.