Is 77541, 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, 77541 was a Seller's Market.
Housing Prices in 77541, TX
How much do homes in 77541, TX cost?
Median Sold Price
$289,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77541 was $289,000 in April 2024, down 12.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $252.2K | $175K | -30.6% |
2 Bedrooms | $294.5K | $230K | -21.9% |
3 Bedrooms | $349.7K | $318.5K | -8.9% |
4 Bedrooms | $362.5K | $328.7K | -9.3% |
5+ Bedrooms | $742K | $700K | -5.7% |
Summary: 77541 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.6%, 2 bedroom homes decreased by 21.9%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in 77541, TX
How many homes are available in 77541, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
237 | 278 | +17.3% |
Summary: The 77541 real estate market had 278 homes for sale in April 2024, a 17.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 48 | 47 | -2.1% |
3 Bedrooms | 124 | 151 | +21.8% |
4 Bedrooms | 49 | 58 | +18.4% |
5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The 77541 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 16 | -15.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 77541 in April 2024, down by 15.8% month-over-month. Of the 16 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 77541, TX
How long does it take to sell a home in 77541, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 66 Days | +4.4% |
Summary: Homes in 77541 had an average of 66 days on market in Apr 2024, up by 4.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in 77541; 31% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.