Is 77098, 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, 77098 was a Seller's Market.
Housing Prices in 77098, TX
How much do homes in 77098, TX cost?
Median Sold Price
$735,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77098 was $735,000 in March 2024, up 5.2% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $215K | -4.4% |
2 Bedrooms | $434.1K | $610K | +40.5% |
3 Bedrooms | $715K | $690K | -3.5% |
4 Bedrooms | $1.0M | $1.1M | +4.8% |
5+ Bedrooms | $990K | $1.7M | +76.8% |
Summary: 77098 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 40.5%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 76.8%.
Housing Supply in 77098, TX
How many homes are available in 77098, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
81 | 95 | +17.3% |
Summary: The 77098 real estate market had 95 homes for sale in March 2024, a 17.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 30 | 34 | +13.3% |
3 Bedrooms | 23 | 28 | +21.7% |
4 Bedrooms | 16 | 23 | +43.8% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 77098 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 13.3%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 77098 in March 2024, down by 18.8% month-over-month. Of the 13 sold homes, 77% were sold under asking, 8% were sold at asking, and 15% were sold over asking.
Days on Market for 77098, TX
How long does it take to sell a home in 77098, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 35 Days | -29.2% |
Summary: Homes in 77098 had an average of 35 days on market in Mar 2024, down by 29.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 77098; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.