Is 77057, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 77057 was a Seller's Market.
Housing Prices in 77057, TX
How much do homes in 77057, TX cost?
Median Sold Price
$295,625
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 77057 was $295,625 in February 2024, up 6% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130.3K | $128.2K | -1.6% |
2 Bedrooms | $215.5K | $225K | +4.4% |
3 Bedrooms | $465K | $515K | +10.8% |
4 Bedrooms | $950K | $931.6K | -1.9% |
5+ Bedrooms | $2.0M | $2.2M | +11.3% |
Summary: 77057 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 11.3%.
Housing Supply in 77057, TX
How many homes are available in 77057, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
183 | 234 | +27.9% |
Summary: The 77057 real estate market had 234 homes for sale in February 2024, a 27.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 29 | +38.1% |
2 Bedrooms | 78 | 95 | +21.8% |
3 Bedrooms | 58 | 74 | +27.6% |
4 Bedrooms | 22 | 30 | +36.4% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 77057 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.1%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
27 | 29 | +7.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 77057 in February 2024, up by 7.4% month-over-month. Of the 29 sold homes, 66% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for 77057, TX
How long does it take to sell a home in 77057, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 49 Days | +21.3% |
Summary: Homes in 77057 had an average of 49 days on market in Feb 2024, up by 21.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 29 homes were sold in 77057; 52% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.