Is 77581, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 77581 has remained a Seller's Market.
Housing Prices in 77581, TX
How much do homes in 77581, TX cost?
Median Sold Price
$360,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77581 was $360,000 in March 2024, down 1.6% 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 | - | $1.1M | N/A |
2 Bedrooms | $309.6K | $349K | +12.7% |
3 Bedrooms | $321.1K | $328.8K | +2.4% |
4 Bedrooms | $390K | $405K | +3.8% |
5+ Bedrooms | $450K | $510K | +13.3% |
Summary: 77581 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 increased by 12.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 13.3%.
Housing Supply in 77581, TX
How many homes are available in 77581, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
130 | 150 | +15.4% |
Summary: The 77581 real estate market had 150 homes for sale in March 2024, a 15.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 55 | 65 | +18.2% |
4 Bedrooms | 48 | 54 | +12.5% |
5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The 77581 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 increased by 9.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 39 | +11.4% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 77581 in March 2024, up by 11.4% month-over-month. Of the 39 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for 77581, TX
How long does it take to sell a home in 77581, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 23 Days | -20.1% |
Summary: Homes in 77581 had an average of 23 days on market in Mar 2024, down by 20.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 39 homes were sold in 77581; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.