Is 77059, 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, 77059 has remained a Seller's Market.
Housing Prices in 77059, TX
How much do homes in 77059, TX cost?
Median Sold Price
$410,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77059 was $410,000 in March 2024, down 3.9% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $365K | $410K | +12.3% |
3 Bedrooms | $359K | $370K | +3.1% |
4 Bedrooms | $420.5K | $405K | -3.7% |
5+ Bedrooms | $590K | $632.4K | +7.2% |
Summary: 77059 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 increased by 12.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in 77059, TX
How many homes are available in 77059, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 68 | +51.1% |
Summary: The 77059 real estate market had 68 homes for sale in March 2024, a 51.1% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 26 | 40 | +53.8% |
5+ Bedrooms | 8 | 16 | +100.0% |
Summary: The 77059 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 77059 in March 2024, up by 40.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for 77059, TX
How long does it take to sell a home in 77059, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 34 Days | -0.7% |
Summary: Homes in 77059 had an average of 34 days on market in Mar 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 77059; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.