Is 77505, 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, 77505 has remained a Seller's Market.
Housing Prices in 77505, TX
How much do homes in 77505, TX cost?
Median Sold Price
$309,995
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77505 was $309,995 in March 2024, up 1.6% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $259.9K | $263.5K | +1.4% |
3 Bedrooms | $262.5K | $290.4K | +10.6% |
4 Bedrooms | $348.7K | $381K | +9.2% |
5+ Bedrooms | $411.5K | $382.5K | -7.0% |
Summary: 77505 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 increased by 1.4%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 7%.
Housing Supply in 77505, TX
How many homes are available in 77505, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 87 | +29.9% |
Summary: The 77505 real estate market had 87 homes for sale in March 2024, a 29.9% 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 | 43 | 56 | +30.2% |
4 Bedrooms | 16 | 20 | +25.0% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 77505 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 30.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 20 | +81.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 77505 in March 2024, up by 81.8% month-over-month. Of the 20 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 77505, TX
How long does it take to sell a home in 77505, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 53 Days | -3.8% |
Summary: Homes in 77505 had an average of 53 days on market in Mar 2024, down by 3.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 77505; 45% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.