Is 77506, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 77506 was a Neutral Market.
Housing Prices in 77506, TX
How much do homes in 77506, TX cost?
Median Sold Price
$200,000
$147/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in 77506 was $200,000 in April 2024, up 12.4% from last month, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $135K | $115K | -14.8% |
3 Bedrooms | $192.5K | $202.5K | +5.2% |
4 Bedrooms | $250.5K | $205K | -18.2% |
5+ Bedrooms | - | - | N/A |
Summary: 77506 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes did not change.
Housing Supply in 77506, TX
How many homes are available in 77506, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 76 | +16.9% |
Summary: The 77506 real estate market had 76 homes for sale in April 2024, a 16.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 28 | 30 | +7.1% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The 77506 housing inventory by bedroom type for April 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 7.1%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 16 | +60.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 77506 in April 2024, up by 60.0% month-over-month. Of the 16 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for 77506, TX
How long does it take to sell a home in 77506, TX?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 51 Days | -8.9% |
Summary: Homes in 77506 had an average of 51 days on market in Apr 2024, down by 8.9% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in 77506; 44% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.