Is 77061, 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, 77061 has remained a Seller's Market.
Housing Prices in 77061, TX
How much do homes in 77061, TX cost?
Median Sold Price
$224,950
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77061 was $224,950 in April 2024, down 3.8% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $115.6K | +131.3% |
2 Bedrooms | $115.5K | $105K | -9.1% |
3 Bedrooms | $229.7K | $222.4K | -3.2% |
4 Bedrooms | $285.5K | $285K | -0.2% |
5+ Bedrooms | $321.5K | $289K | -10.1% |
Summary: 77061 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 131.3%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 10.1%.
Housing Supply in 77061, TX
How many homes are available in 77061, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 38 | +22.6% |
Summary: The 77061 real estate market had 38 homes for sale in April 2024, a 22.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 18 | 22 | +22.2% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 77061 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 77061 in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for 77061, TX
How long does it take to sell a home in 77061, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 33 Days | -44.5% |
Summary: Homes in 77061 had an average of 33 days on market in Apr 2024, down by 44.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in 77061; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.