Is 77073, 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, 77073 has remained a Seller's Market.
Key Takeaway
77073 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 77073, TX
How much do homes in 77073, TX cost?
Median Sold Price
$249,500
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 77073 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 77073 was $249,500 in March 2024, up 1.9% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | $170.5K | -10.3% |
| 3 Bedrooms | $232K | $237K | +2.2% |
| 4 Bedrooms | $255K | $260K | +2.0% |
| 5+ Bedrooms | $283.5K | $281.2K | -0.8% |
Summary: 77073 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 10.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in 77073, TX
How many homes are available in 77073, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 128 | 131 | +2.3% |
Summary: The 77073 real estate market had 131 homes for sale in March 2024, a 2.3% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 57 | 66 | +15.8% |
| 4 Bedrooms | 54 | 48 | -11.1% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The 77073 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 decreased by 33.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77073, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 77073 in March 2024, down by 6.9% month-over-month. Of the 27 sold homes, 59% were sold under asking, 19% were sold at asking, and 22% were sold over asking.
Days on Market for 77073, TX
How long does it take to sell a home in 77073, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 48 Days | -28.9% |
Summary: Homes in 77073 had an average of 48 days on market in Mar 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77073 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in 77073; 41% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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