Is 77071, 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, 77071 has remained a Seller's Market.
Housing Prices in 77071, TX
How much do homes in 77071, TX cost?
Median Sold Price
$226,200
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77071 was $226,200 in April 2024, down 3.7% 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 | $75.5K | $45K | -40.4% |
2 Bedrooms | $120.5K | $106K | -12.0% |
3 Bedrooms | $239K | $226.9K | -5.1% |
4 Bedrooms | $312K | $300K | -3.8% |
5+ Bedrooms | $397.7K | $541.5K | +36.1% |
Summary: 77071 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.4%, 2 bedroom homes decreased by 12%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 36.1%.
Housing Supply in 77071, TX
How many homes are available in 77071, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 74 | +12.1% |
Summary: The 77071 real estate market had 74 homes for sale in April 2024, a 12.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 24 | +20.0% |
3 Bedrooms | 24 | 29 | +20.8% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 77071 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 20.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 77071 in April 2024, up by 33.3% month-over-month. Of the 16 sold homes, 69% were sold under asking, 13% were sold at asking, and 19% were sold over asking.
Days on Market for 77071, TX
How long does it take to sell a home in 77071, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 46 Days | +67.7% |
Summary: Homes in 77071 had an average of 46 days on market in Apr 2024, up by 67.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in 77071; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.