Is 77617, 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, 77617 was a Seller's Market.
Housing Prices in 77617, TX
How much do homes in 77617, TX cost?
Median Sold Price
$437,000
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 77617 was $437,000 in March 2024, up 1.6% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $274K | +56.6% |
2 Bedrooms | $292.9K | $346.1K | +18.2% |
3 Bedrooms | $575K | $437K | -24.0% |
4 Bedrooms | $1.0M | $703K | -32.4% |
5+ Bedrooms | $849.9K | $850K | 0.0% |
Summary: 77617 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.6%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 24%, 4 bedroom homes decreased by 32.4%, and 5+ bedroom homes did not change.
Housing Supply in 77617, TX
How many homes are available in 77617, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 31 | +34.8% |
Summary: The 77617 real estate market had 31 homes for sale in March 2024, a 34.8% 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 | 4 | 6 | +50.0% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The 77617 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 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 77617 in March 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 77617, TX
How long does it take to sell a home in 77617, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 105 Days | +291.8% |
Summary: Homes in 77617 had an average of 105 days on market in Mar 2024, up by 291.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in 77617; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.