Is 77518, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 77518 was a Seller's Market.
Housing Prices in 77518, TX
How much do homes in 77518, TX cost?
Median Sold Price
$229,444
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77518 was $229,444 in April 2024, down 6% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $267.2K | $90K | -66.3% |
2 Bedrooms | $129.9K | $179K | +37.8% |
3 Bedrooms | $244K | $222K | -9.0% |
4 Bedrooms | $275.5K | $296.8K | +7.7% |
5+ Bedrooms | $227.7K | $285K | +25.1% |
Summary: 77518 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.3%, 2 bedroom homes increased by 37.8%, 3 bedroom homes decreased by 9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 25.1%.
Housing Supply in 77518, TX
How many homes are available in 77518, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 43 | +10.3% |
Summary: The 77518 real estate market had 43 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 16 | 18 | +12.5% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 77518 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 77518 in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 77518, TX
How long does it take to sell a home in 77518, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 40 Days | -12.1% |
Summary: Homes in 77518 had an average of 40 days on market in Apr 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in 77518; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.