Is 77803, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 77803 has remained a Seller's Market.
Housing Prices in 77803, TX
How much do homes in 77803, TX cost?
Median Sold Price
$270,000
$174/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in 77803 was $270,000 in May 2024, up 3.3% from last month, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $202.5K | - | N/A |
3 Bedrooms | $248K | $238.7K | -3.7% |
4 Bedrooms | $399.5K | $270K | -32.4% |
5+ Bedrooms | - | - | N/A |
Summary: 77803 housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 32.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
77801 | $290K | $400K | +37.9% |
77803 | $261.4K | $270K | +3.3% |
Housing Supply in 77803, TX
How many homes are available in 77803, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 42 | +31.3% |
Summary: The 77803 real estate market had 42 homes for sale in May 2024, a 31.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 21 | 28 | +33.3% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 77803 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 77803 in May 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 77803, TX
How long does it take to sell a home in 77803, TX?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
75 Days | 63 Days | -15.1% |
Summary: Homes in 77803 had an average of 63 days on market in May 2024, down by 15.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in 77803; 22% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.