Is 77062, 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, 77062 has remained a Seller's Market.
Housing Prices in 77062, TX
How much do homes in 77062, TX cost?
Median Sold Price
$310,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77062 was $310,000 in March 2024, up 1.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $132K | -2.2% |
2 Bedrooms | $158K | $180K | +13.9% |
3 Bedrooms | $290K | $303.2K | +4.6% |
4 Bedrooms | $325K | $330K | +1.5% |
5+ Bedrooms | $390K | $369K | -5.4% |
Summary: 77062 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 5.4%.
Housing Supply in 77062, TX
How many homes are available in 77062, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 107 | +20.2% |
Summary: The 77062 real estate market had 107 homes for sale in March 2024, a 20.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 26 | 34 | +30.8% |
4 Bedrooms | 47 | 51 | +8.5% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 77062 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 21 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 77062 in March 2024, the same as the previous month. Of the 21 sold homes, 67% were sold under asking, 14% were sold at asking, and 19% were sold over asking.
Days on Market for 77062, TX
How long does it take to sell a home in 77062, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 31 Days | -53.0% |
Summary: Homes in 77062 had an average of 31 days on market in Mar 2024, down by 53% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 77062; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.