Is 77054, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 77054 was a Seller's Market.
Housing Prices in 77054, TX
How much do homes in 77054, TX cost?
Median Sold Price
$161,888
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77054 was $161,888 in March 2024, up 7.9% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $130.4K | +4.3% |
2 Bedrooms | $145K | $150K | +3.4% |
3 Bedrooms | $340K | $353K | +3.8% |
4 Bedrooms | $370K | $423.5K | +14.5% |
5+ Bedrooms | - | - | N/A |
Summary: 77054 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes did not change.
Housing Supply in 77054, TX
How many homes are available in 77054, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 125 | +17.9% |
Summary: The 77054 real estate market had 125 homes for sale in March 2024, a 17.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 34 | +17.2% |
2 Bedrooms | 59 | 67 | +13.6% |
3 Bedrooms | 18 | 24 | +33.3% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 77054 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 19 | -20.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 77054 in March 2024, down by 20.8% month-over-month. Of the 19 sold homes, 79% were sold under asking, 0% were sold at asking, and 21% were sold over asking.
Days on Market for 77054, TX
How long does it take to sell a home in 77054, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 44 Days | +16.5% |
Summary: Homes in 77054 had an average of 44 days on market in Mar 2024, up by 16.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 77054; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.