Is 77072, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 77072 was a Seller's Market.
Key Takeaway
77072 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 77072, TX
How much do homes in 77072, TX cost?
Median Sold Price
$213,333
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 77072 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 77072 was $213,333 in March 2024, up 2.6% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.5K | $92.5K | -10.6% |
| 2 Bedrooms | $138K | $149.9K | +8.7% |
| 3 Bedrooms | $218K | $220K | +0.9% |
| 4 Bedrooms | $243K | $258K | +6.2% |
| 5+ Bedrooms | $268.7K | $328.5K | +22.2% |
Summary: 77072 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 22.2%.
Housing Supply in 77072, TX
How many homes are available in 77072, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 112 | 152 | +35.7% |
Summary: The 77072 real estate market had 152 homes for sale in March 2024, a 35.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 22 | 37 | +68.2% |
| 3 Bedrooms | 57 | 77 | +35.1% |
| 4 Bedrooms | 23 | 27 | +17.4% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 77072 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 68.2%, 3 bedroom homes increased by 35.1%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 24 | +84.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77072, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 77072 in March 2024, up by 84.6% month-over-month. Of the 23 sold homes, 70% were sold under asking, 13% were sold at asking, and 17% were sold over asking.
Days on Market for 77072, TX
How long does it take to sell a home in 77072, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 34 Days | -2.3% |
Summary: Homes in 77072 had an average of 34 days on market in Mar 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77072 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in 77072; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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