Is 77070, 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, 77070 has remained a Seller's Market.
Housing Prices in 77070, TX
How much do homes in 77070, TX cost?
Median Sold Price
$301,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77070 was $301,000 in March 2024, up 0.6% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $229.2K | $210K | -8.4% |
3 Bedrooms | $268K | $280K | +4.5% |
4 Bedrooms | $330K | $330K | 0.0% |
5+ Bedrooms | $422.5K | $390K | -7.7% |
Summary: 77070 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 decreased by 8.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 7.7%.
Housing Supply in 77070, TX
How many homes are available in 77070, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
120 | 147 | +22.5% |
Summary: The 77070 real estate market had 147 homes for sale in March 2024, a 22.5% 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 | 5 | 7 | +40.0% |
3 Bedrooms | 49 | 62 | +26.5% |
4 Bedrooms | 53 | 63 | +18.9% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The 77070 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 increased by 40%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 27 | -15.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 77070 in March 2024, down by 15.6% month-over-month. Of the 27 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 77070, TX
How long does it take to sell a home in 77070, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 38 Days | +42.6% |
Summary: Homes in 77070 had an average of 38 days on market in Mar 2024, up by 42.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 77070; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.