Is 77401, 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, 77401 has remained a Seller's Market.
Housing Prices in 77401, TX
How much do homes in 77401, TX cost?
Median Sold Price
$1,080,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77401 was $1,080,000 in April 2024, up 9.4% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $430K | $400K | -7.0% |
3 Bedrooms | $457K | $515.5K | +12.8% |
4 Bedrooms | $1.0M | $1.1M | +10.6% |
5+ Bedrooms | $1.3M | $1.4M | +6.6% |
Summary: 77401 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in 77401, TX
How many homes are available in 77401, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 93 | +38.8% |
Summary: The 77401 real estate market had 93 homes for sale in April 2024, a 38.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 10 | 17 | +70.0% |
4 Bedrooms | 35 | 48 | +37.1% |
5+ Bedrooms | 15 | 22 | +46.7% |
Summary: The 77401 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 decreased by 14.3%, 3 bedroom homes increased by 70%, 4 bedroom homes increased by 37.1%, and 5+ bedroom homes increased by 46.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 22 | +83.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 77401 in April 2024, up by 83.3% month-over-month. Of the 22 sold homes, 64% were sold under asking, 14% were sold at asking, and 23% were sold over asking.
Days on Market for 77401, TX
How long does it take to sell a home in 77401, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 23 Days | +58.3% |
Summary: Homes in 77401 had an average of 23 days on market in Apr 2024, up by 58.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in 77401; 64% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.