Is 77331, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 77331 was a Seller's Market.
Housing Prices in 77331, TX
How much do homes in 77331, TX cost?
Median Sold Price
$280,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77331 was $280,000 in April 2024, down 5.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $69.9K | $144.9K | +107.4% |
2 Bedrooms | $245.5K | $210K | -14.5% |
3 Bedrooms | $295K | $281K | -4.7% |
4 Bedrooms | $452.5K | $725K | +60.2% |
5+ Bedrooms | $900K | $950K | +5.6% |
Summary: 77331 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 107.4%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 60.2%, and 5+ bedroom homes increased by 5.6%.
Housing Supply in 77331, TX
How many homes are available in 77331, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 96 | +18.5% |
Summary: The 77331 real estate market had 96 homes for sale in April 2024, a 18.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 44 | 48 | +9.1% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 77331 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 13 | +116.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 77331 in April 2024, up by 116.7% month-over-month. Of the 13 sold homes, 85% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for 77331, TX
How long does it take to sell a home in 77331, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 42 Days | -4.7% |
Summary: Homes in 77331 had an average of 42 days on market in Apr 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in 77331; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.