Is 77504, 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, 77504 was a Seller's Market.
Housing Prices in 77504, TX
How much do homes in 77504, TX cost?
Median Sold Price
$255,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77504 was $255,000 in March 2024, up 3.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72K | $95K | +31.9% |
2 Bedrooms | $119.5K | $119.7K | 0.2% |
3 Bedrooms | $246.4K | $251K | +1.8% |
4 Bedrooms | $277K | $340.7K | +23.0% |
5+ Bedrooms | $363K | $400K | +10.2% |
Summary: 77504 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.9%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 10.2%.
Housing Supply in 77504, TX
How many homes are available in 77504, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 37 | +32.1% |
Summary: The 77504 real estate market had 37 homes for sale in March 2024, a 32.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 77504 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 increased by 50%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 77504 in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 77504, TX
How long does it take to sell a home in 77504, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 31 Days | -6.6% |
Summary: Homes in 77504 had an average of 31 days on market in Mar 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 77504; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.