Is 77055, 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, 77055 has remained a Seller's Market.
Housing Prices in 77055, TX
How much do homes in 77055, TX cost?
Median Sold Price
$686,916
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77055 was $686,916 in March 2024, up 10.3% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97.7K | $88K | -10.0% |
2 Bedrooms | $218.2K | $290K | +32.9% |
3 Bedrooms | $505K | $504K | -0.2% |
4 Bedrooms | $939.5K | $1.0M | +6.5% |
5+ Bedrooms | $1.3M | $1.6M | +23.3% |
Summary: 77055 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 32.9%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 23.3%.
Housing Supply in 77055, TX
How many homes are available in 77055, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
167 | 203 | +21.6% |
Summary: The 77055 real estate market had 203 homes for sale in March 2024, a 21.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 18 | 16 | -11.1% |
3 Bedrooms | 67 | 88 | +31.3% |
4 Bedrooms | 51 | 65 | +27.5% |
5+ Bedrooms | 28 | 32 | +14.3% |
Summary: The 77055 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 39 | +25.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 77055 in March 2024, up by 25.8% month-over-month. Of the 39 sold homes, 59% were sold under asking, 15% were sold at asking, and 26% were sold over asking.
Days on Market for 77055, TX
How long does it take to sell a home in 77055, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 42 Days | -37.5% |
Summary: Homes in 77055 had an average of 42 days on market in Mar 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 39 homes were sold in 77055; 59% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.