Is 77083, 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, 77083 was a Seller's Market.
Housing Prices in 77083, TX
How much do homes in 77083, TX cost?
Median Sold Price
$271,125
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77083 was $271,125 in March 2024, up 0.4% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | - | N/A |
2 Bedrooms | $195K | $180K | -7.7% |
3 Bedrooms | $250.5K | $259.7K | +3.7% |
4 Bedrooms | $295K | $299.8K | +1.6% |
5+ Bedrooms | $345K | $334.7K | -3.0% |
Summary: 77083 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 7.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 3%.
Housing Supply in 77083, TX
How many homes are available in 77083, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
122 | 147 | +20.5% |
Summary: The 77083 real estate market had 147 homes for sale in March 2024, a 20.5% 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 | 4 | 3 | -25.0% |
3 Bedrooms | 71 | 75 | +5.6% |
4 Bedrooms | 43 | 60 | +39.5% |
5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The 77083 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 25%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 39.5%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 24 | -11.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 77083 in March 2024, down by 11.1% month-over-month. Of the 24 sold homes, 54% were sold under asking, 29% were sold at asking, and 17% were sold over asking.
Days on Market for 77083, TX
How long does it take to sell a home in 77083, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 26 Days | -49.5% |
Summary: Homes in 77083 had an average of 26 days on market in Mar 2024, down by 49.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 77083; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.