Is 77088, 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, 77088 was a Seller's Market.
Housing Prices in 77088, TX
How much do homes in 77088, TX cost?
Median Sold Price
$249,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77088 was $249,000 in March 2024, up 4.6% 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 | $80K | $234.2K | +192.8% |
2 Bedrooms | $145K | $160K | +10.3% |
3 Bedrooms | $240K | $250K | +4.2% |
4 Bedrooms | $250K | $261.1K | +4.5% |
5+ Bedrooms | $287K | $262.5K | -8.5% |
Summary: 77088 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 192.8%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 8.5%.
Housing Supply in 77088, TX
How many homes are available in 77088, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
171 | 212 | +24.0% |
Summary: The 77088 real estate market had 212 homes for sale in March 2024, a 24.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 16 | 18 | +12.5% |
3 Bedrooms | 112 | 146 | +30.4% |
4 Bedrooms | 35 | 40 | +14.3% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 77088 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 33 | +10.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 77088 in March 2024, up by 10.0% month-over-month. Of the 33 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for 77088, TX
How long does it take to sell a home in 77088, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 27 Days | -33.3% |
Summary: Homes in 77088 had an average of 27 days on market in Mar 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in 77088; 79% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.