Is 77423, 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, 77423 was a Seller's Market.
Housing Prices in 77423, TX
How much do homes in 77423, TX cost?
Median Sold Price
$349,975
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77423 was $349,975 in March 2024, down 4% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $460K | $200K | -56.5% |
2 Bedrooms | $239.2K | $209.5K | -12.4% |
3 Bedrooms | $312.5K | $308K | -1.4% |
4 Bedrooms | $431.3K | $383.4K | -11.1% |
5+ Bedrooms | $430K | $429.2K | -0.2% |
Summary: 77423 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.5%, 2 bedroom homes decreased by 12.4%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 0.2%.
Housing Supply in 77423, TX
How many homes are available in 77423, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
77 | 88 | +14.3% |
Summary: The 77423 real estate market had 88 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 22 | 28 | +27.3% |
4 Bedrooms | 36 | 42 | +16.7% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The 77423 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 77423 in March 2024, down by 7.7% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for 77423, TX
How long does it take to sell a home in 77423, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 60 Days | -9.7% |
Summary: Homes in 77423 had an average of 60 days on market in Mar 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 77423; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.