Is 77320, 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, 77320 was a Seller's Market.
Housing Prices in 77320, TX
How much do homes in 77320, TX cost?
Median Sold Price
$249,495
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77320 was $249,495 in March 2024, up 0.8% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $113.1K | $53.7K | -52.5% |
2 Bedrooms | $137K | $175K | +27.7% |
3 Bedrooms | $251.2K | $254.7K | +1.4% |
4 Bedrooms | $284K | $255K | -10.2% |
5+ Bedrooms | $852K | $375K | -56.0% |
Summary: 77320 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.5%, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 56%.
Housing Supply in 77320, TX
How many homes are available in 77320, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
114 | 144 | +26.3% |
Summary: The 77320 real estate market had 144 homes for sale in March 2024, a 26.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 16 | 21 | +31.3% |
3 Bedrooms | 53 | 75 | +41.5% |
4 Bedrooms | 33 | 34 | +3.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 77320 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 41.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 77320 in March 2024, up by 13.3% month-over-month. Of the 17 sold homes, 65% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for 77320, TX
How long does it take to sell a home in 77320, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 88 Days | +95.4% |
Summary: Homes in 77320 had an average of 88 days on market in Mar 2024, up by 95.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 77320; 35% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.