Is 77306, 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, 77306 was a Seller's Market.
Housing Prices in 77306, TX
How much do homes in 77306, TX cost?
Median Sold Price
$250,020
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77306 was $250,020 in March 2024, down 1.1% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $112.5K | N/A |
2 Bedrooms | $169K | $296.7K | +75.6% |
3 Bedrooms | $250K | $244.9K | -2.0% |
4 Bedrooms | $290K | $254.9K | -12.1% |
5+ Bedrooms | $351.9K | $275.2K | -21.8% |
Summary: 77306 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 increased by 75.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 21.8%.
Housing Supply in 77306, TX
How many homes are available in 77306, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 70 | +27.3% |
Summary: The 77306 real estate market had 70 homes for sale in March 2024, a 27.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 26 | 40 | +53.8% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 77306 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 remained the same, 3 bedroom homes increased by 53.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 77306 in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 77306, TX
How long does it take to sell a home in 77306, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
94 Days | 39 Days | -58.8% |
Summary: Homes in 77306 had an average of 39 days on market in Mar 2024, down by 58.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in 77306; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.