Is 77056, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 77056 has remained a Seller's Market.
Housing Prices in 77056, TX
How much do homes in 77056, TX cost?
Median Sold Price
$585,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77056 was $585,000 in April 2024, up 5.7% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $211K | -1.9% |
2 Bedrooms | $350K | $357K | +2.0% |
3 Bedrooms | $680K | $681K | 0.1% |
4 Bedrooms | $1.1M | $1.4M | +27.3% |
5+ Bedrooms | $2.6M | $2.6M | -1.5% |
Summary: 77056 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 77056, TX
How many homes are available in 77056, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
190 | 216 | +13.7% |
Summary: The 77056 real estate market had 216 homes for sale in April 2024, a 13.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 32 | 39 | +21.9% |
2 Bedrooms | 62 | 66 | +6.5% |
3 Bedrooms | 43 | 51 | +18.6% |
4 Bedrooms | 29 | 33 | +13.8% |
5+ Bedrooms | 24 | 27 | +12.5% |
Summary: The 77056 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.9%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 41 | +51.9% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 77056 in April 2024, up by 51.9% month-over-month. Of the 41 sold homes, 71% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for 77056, TX
How long does it take to sell a home in 77056, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 56 Days | -2.9% |
Summary: Homes in 77056 had an average of 56 days on market in Apr 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 41 homes were sold in 77056; 54% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.