Is 77302, 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, 77302 was a Seller's Market.
Housing Prices in 77302, TX
How much do homes in 77302, TX cost?
Median Sold Price
$368,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77302 was $368,500 in March 2024, up 5.3% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $340K | $185K | -45.6% |
2 Bedrooms | $271.6K | $330K | +21.5% |
3 Bedrooms | $297.5K | $282.5K | -5.0% |
4 Bedrooms | $389.4K | $410K | +5.3% |
5+ Bedrooms | $470.7K | $556.6K | +18.2% |
Summary: 77302 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.6%, 2 bedroom homes increased by 21.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 18.2%.
Housing Supply in 77302, TX
How many homes are available in 77302, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
218 | 223 | +2.3% |
Summary: The 77302 real estate market had 223 homes for sale in March 2024, a 2.3% 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 | 5 | +25.0% |
3 Bedrooms | 77 | 79 | +2.6% |
4 Bedrooms | 111 | 117 | +5.4% |
5+ Bedrooms | 26 | 22 | -15.4% |
Summary: The 77302 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 2.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 32 | -13.5% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 77302 in March 2024, down by 13.5% month-over-month. Of the 32 sold homes, 81% were sold under asking, 19% were sold at asking, and 0% were sold over asking.
Days on Market for 77302, TX
How long does it take to sell a home in 77302, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 87 Days | +34.1% |
Summary: Homes in 77302 had an average of 87 days on market in Mar 2024, up by 34.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in 77302; 31% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.