Is 77640, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 77640 has remained a Buyer's Market.
Housing Prices in 77640, TX
How much do homes in 77640, TX cost?
Median Sold Price
$106,000
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77640 was $106,000 in April 2024, up 1% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $88K | $121.5K | +38.1% |
2 Bedrooms | $53.5K | $87.5K | +63.6% |
3 Bedrooms | $130K | $122K | -6.2% |
4 Bedrooms | $125K | $197.5K | +58.0% |
5+ Bedrooms | $2.6M | $272K | -89.7% |
Summary: 77640 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.1%, 2 bedroom homes increased by 63.6%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 58%, and 5+ bedroom homes decreased by 89.7%.
Housing Supply in 77640, TX
How many homes are available in 77640, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 45 | -2.2% |
Summary: The 77640 real estate market had 45 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 29 | 26 | -10.3% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 77640 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 3 | -62.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 77640 in April 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 77640, TX
How long does it take to sell a home in 77640, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 20 Days | -48.7% |
Summary: Homes in 77640 had an average of 20 days on market in Apr 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 77640; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.