Is 77079, 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, 77079 has remained a Seller's Market.
Housing Prices in 77079, TX
How much do homes in 77079, TX cost?
Median Sold Price
$683,333
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77079 was $683,333 in March 2024, up 18.8% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137K | $149K | +8.8% |
2 Bedrooms | $206K | $215K | +4.4% |
3 Bedrooms | $297.2K | $300K | +0.9% |
4 Bedrooms | $708.5K | $817.5K | +15.4% |
5+ Bedrooms | $864.2K | $1.0M | +26.8% |
Summary: 77079 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 26.8%.
Housing Supply in 77079, TX
How many homes are available in 77079, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 153 | +48.5% |
Summary: The 77079 real estate market had 153 homes for sale in March 2024, a 48.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 9 | 13 | +44.4% |
3 Bedrooms | 30 | 47 | +56.7% |
4 Bedrooms | 47 | 66 | +40.4% |
5+ Bedrooms | 14 | 21 | +50.0% |
Summary: The 77079 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 56.7%, 4 bedroom homes increased by 40.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 36 | +100.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 77079 in March 2024, up by 100.0% month-over-month. Of the 36 sold homes, 64% were sold under asking, 14% were sold at asking, and 22% were sold over asking.
Days on Market for 77079, TX
How long does it take to sell a home in 77079, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 39 Days | -16.5% |
Summary: Homes in 77079 had an average of 39 days on market in Mar 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in 77079; 69% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.