Is 77074, 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, 77074 was a Seller's Market.
Housing Prices in 77074, TX
How much do homes in 77074, TX cost?
Median Sold Price
$230,980
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77074 was $230,980 in March 2024, up 2.7% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72.5K | $103.7K | +43.1% |
2 Bedrooms | $116.5K | $127.5K | +9.4% |
3 Bedrooms | $239K | $240K | 0.4% |
4 Bedrooms | $246K | $282.7K | +14.9% |
5+ Bedrooms | $235K | $430.2K | +83.1% |
Summary: 77074 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.1%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 83.1%.
Housing Supply in 77074, TX
How many homes are available in 77074, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 60 | +9.1% |
Summary: The 77074 real estate market had 60 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 25 | 27 | +8.0% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 77074 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 remained the same, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 77074 in March 2024, down by 33.3% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for 77074, TX
How long does it take to sell a home in 77074, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 20 Days | -67.1% |
Summary: Homes in 77074 had an average of 20 days on market in Mar 2024, down by 67.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 77074; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.