Is 77406, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 77406 has remained a Seller's Market.
Housing Prices in 77406, TX
How much do homes in 77406, TX cost?
Median Sold Price
$420,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 77406 was $420,000 in February 2024, up 2.9% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $243.5K | N/A |
3 Bedrooms | $332.3K | $331.7K | -0.2% |
4 Bedrooms | $440K | $443.3K | +0.8% |
5+ Bedrooms | $627.8K | $580.2K | -7.6% |
Summary: 77406 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 7.6%.
Housing Supply in 77406, TX
How many homes are available in 77406, TX?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
270 | 312 | +15.6% |
Summary: The 77406 real estate market had 312 homes for sale in February 2024, a 15.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 72 | 81 | +12.5% |
4 Bedrooms | 147 | 172 | +17.0% |
5+ Bedrooms | 51 | 59 | +15.7% |
Summary: The 77406 housing inventory by bedroom type for February 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 12.5%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 15.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
43 | 68 | +58.1% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in 77406 in February 2024, up by 58.1% month-over-month. Of the 68 sold homes, 78% were sold under asking, 13% were sold at asking, and 9% were sold over asking.
Days on Market for 77406, TX
How long does it take to sell a home in 77406, TX?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
44 Days | 48 Days | +8.4% |
Summary: Homes in 77406 had an average of 48 days on market in Feb 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During February 2024, 68 homes were sold in 77406; 47% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.