Is 77510, 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, 77510 was a Seller's Market.
Key Takeaway
77510 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77510, TX
How much do homes in 77510, TX cost?
Median Sold Price
$321,433
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 77510 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 77510 was $321,433 in March 2024, up 3.7% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | $236.7K | $207K | -12.6% |
| 3 Bedrooms | $307K | $299.9K | -2.3% |
| 4 Bedrooms | $317.4K | $354K | +11.5% |
| 5+ Bedrooms | $400K | $450.5K | +12.6% |
Summary: 77510 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 decreased by 12.6%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 12.6%.
Housing Supply in 77510, TX
How many homes are available in 77510, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 119 | 140 | +17.6% |
Summary: The 77510 real estate market had 140 homes for sale in March 2024, a 17.6% 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 48 | 55 | +14.6% |
| 4 Bedrooms | 57 | 73 | +28.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 77510 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 decreased by 25%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77510, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 77510 in March 2024, down by 23.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for 77510, TX
How long does it take to sell a home in 77510, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 140 Days | 90 Days | -35.2% |
Summary: Homes in 77510 had an average of 90 days on market in Mar 2024, down by 35.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 77510 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 10 homes were sold in 77510; 30% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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