Is 77078, 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, 77078 has remained a Seller's Market.
Housing Prices in 77078, TX
How much do homes in 77078, TX cost?
Median Sold Price
$205,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77078 was $205,000 in April 2024, up 7.9% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $112.6K | $162.5K | +44.3% |
3 Bedrooms | $187.5K | $205K | +9.3% |
4 Bedrooms | $195.5K | $232K | +18.7% |
5+ Bedrooms | $245K | $310K | +26.5% |
Summary: 77078 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.3%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 26.5%.
Housing Supply in 77078, TX
How many homes are available in 77078, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 65 | +20.4% |
Summary: The 77078 real estate market had 65 homes for sale in April 2024, a 20.4% 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 | 1 | 0 | -100.0% |
3 Bedrooms | 43 | 50 | +16.3% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 77078 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 decreased by 100%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 14 | +180.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 77078 in April 2024, up by 180.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.
Days on Market for 77078, TX
How long does it take to sell a home in 77078, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 33 Days | -21.6% |
Summary: Homes in 77078 had an average of 33 days on market in Apr 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in 77078; 79% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.