Is 77520, 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, 77520 was a Seller's Market.
Housing Prices in 77520, TX
How much do homes in 77520, TX cost?
Median Sold Price
$185,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77520 was $185,000 in March 2024, down 7.5% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $62K | -27.1% |
2 Bedrooms | $136.5K | $130K | -4.8% |
3 Bedrooms | $195K | $191K | -2.1% |
4 Bedrooms | $249.9K | $240K | -4.0% |
5+ Bedrooms | $291.5K | $230K | -21.1% |
Summary: 77520 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.1%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 21.1%.
Housing Supply in 77520, TX
How many homes are available in 77520, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
141 | 174 | +23.4% |
Summary: The 77520 real estate market had 174 homes for sale in March 2024, a 23.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 19 | 24 | +26.3% |
3 Bedrooms | 84 | 107 | +27.4% |
4 Bedrooms | 23 | 29 | +26.1% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 77520 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 27.4%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 18 | +63.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 77520 in March 2024, up by 63.6% month-over-month. Of the 18 sold homes, 33% were sold under asking, 39% were sold at asking, and 28% were sold over asking.
Days on Market for 77520, TX
How long does it take to sell a home in 77520, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 43 Days | -4.3% |
Summary: Homes in 77520 had an average of 43 days on market in Mar 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 77520; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.