Is 77087, 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, 77087 has remained a Seller's Market.
Housing Prices in 77087, TX
How much do homes in 77087, TX cost?
Median Sold Price
$221,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77087 was $221,500 in March 2024, down 3.7% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $115K | N/A |
2 Bedrooms | $213.2K | $170K | -20.3% |
3 Bedrooms | $235K | $225.9K | -3.9% |
4 Bedrooms | $265K | $239.9K | -9.5% |
5+ Bedrooms | $350K | $290K | -17.1% |
Summary: 77087 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 20.3%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 17.1%.
Housing Supply in 77087, TX
How many homes are available in 77087, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 48 | +17.1% |
Summary: The 77087 real estate market had 48 homes for sale in March 2024, a 17.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 77087 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 increased by 25%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 77087 in March 2024, up by 83.3% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for 77087, TX
How long does it take to sell a home in 77087, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 33 Days | -16.9% |
Summary: Homes in 77087 had an average of 33 days on market in Mar 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 77087; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.