Is 77316, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 77316 has remained a Seller's Market.
Housing Prices in 77316, TX
How much do homes in 77316, TX cost?
Median Sold Price
$403,535
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77316 was $403,535 in April 2024, down 9.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $157K | -25.2% |
2 Bedrooms | $378K | $375K | -0.8% |
3 Bedrooms | $315K | $328.7K | +4.4% |
4 Bedrooms | $575.3K | $464K | -19.4% |
5+ Bedrooms | $825K | $776.7K | -5.8% |
Summary: 77316 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.2%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 5.8%.
Housing Supply in 77316, TX
How many homes are available in 77316, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
399 | 436 | +9.3% |
Summary: The 77316 real estate market had 436 homes for sale in April 2024, a 9.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 26 | 31 | +19.2% |
3 Bedrooms | 146 | 148 | +1.4% |
4 Bedrooms | 171 | 197 | +15.2% |
5+ Bedrooms | 53 | 57 | +7.5% |
Summary: The 77316 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 7.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 89 | +32.8% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 89 homes were sold or pending in 77316 in April 2024, up by 32.8% month-over-month. Of the 89 sold homes, 64% were sold under asking, 28% were sold at asking, and 8% were sold over asking.
Days on Market for 77316, TX
How long does it take to sell a home in 77316, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 72 Days | +7.9% |
Summary: Homes in 77316 had an average of 72 days on market in Apr 2024, up by 7.9% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During April 2024, 89 homes were sold in 77316; 39% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.