Is 77407, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 77407 has remained a Seller's Market.
Housing Prices in 77407, TX
How much do homes in 77407, TX cost?
Median Sold Price
$385,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77407 was $385,000 in March 2024, up 1.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $255K | N/A |
3 Bedrooms | $324K | $320K | -1.2% |
4 Bedrooms | $408K | $420K | +2.9% |
5+ Bedrooms | $518.5K | $570K | +9.9% |
Summary: 77407 housing prices by bedroom type for March 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 1.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 9.9%.
Housing Supply in 77407, TX
How many homes are available in 77407, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
175 | 226 | +29.1% |
Summary: The 77407 real estate market had 226 homes for sale in March 2024, a 29.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 47 | 61 | +29.8% |
4 Bedrooms | 104 | 126 | +21.2% |
5+ Bedrooms | 22 | 37 | +68.2% |
Summary: The 77407 housing inventory by bedroom type for March 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 29.8%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 68.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 38 | -19.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 77407 in March 2024, down by 19.1% month-over-month. Of the 38 sold homes, 68% were sold under asking, 11% were sold at asking, and 21% were sold over asking.
Days on Market for 77407, TX
How long does it take to sell a home in 77407, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 29 Days | -31.7% |
Summary: Homes in 77407 had an average of 29 days on market in Mar 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 38 homes were sold in 77407; 63% 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.