Is 77515, 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, 77515 was a Seller's Market.
Key Takeaway
77515 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77515, TX
How much do homes in 77515, TX cost?
Median Sold Price
$244,513
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 77515 have sold for 2% less than they did a year ago.
Summary: The median home sold price in 77515 was $244,513 in March 2024, down 2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73.7K | $61.7K | -16.3% |
| 2 Bedrooms | $176.7K | $130K | -26.4% |
| 3 Bedrooms | $229.7K | $229.3K | -0.2% |
| 4 Bedrooms | $293K | $293.5K | 0.2% |
| 5+ Bedrooms | $532.5K | $444.1K | -16.6% |
Summary: 77515 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.3%, 2 bedroom homes decreased by 26.4%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 16.6%.
Housing Supply in 77515, TX
How many homes are available in 77515, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 160 | 184 | +15.0% |
Summary: The 77515 real estate market had 184 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 81 | 90 | +11.1% |
| 4 Bedrooms | 58 | 66 | +13.8% |
| 5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The 77515 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 22 | -21.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77515, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 77515 in March 2024, down by 21.4% month-over-month. Of the 22 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for 77515, TX
How long does it take to sell a home in 77515, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 89 Days | +42.0% |
Summary: Homes in 77515 had an average of 89 days on market in Mar 2024, up by 42% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77515 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in 77515; 41% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
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