Is 77002, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 77002 was a Seller's Market.
Housing Prices in 77002, TX
How much do homes in 77002, TX cost?
Median Sold Price
$291,950
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77002 was $291,950 in May 2024, up 4.3% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $252K | +0.8% |
2 Bedrooms | $345K | $365K | +5.8% |
3 Bedrooms | $305.9K | $470K | +53.6% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: 77002 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 53.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 77002, TX
How many homes are available in 77002, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 68 | +17.2% |
Summary: The 77002 real estate market had 68 homes for sale in May 2024, a 17.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 30 | +42.9% |
2 Bedrooms | 29 | 33 | +13.8% |
3 Bedrooms | 8 | 5 | -37.5% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 77002 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 13.8%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 77002 in May 2024, the same as the previous month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for 77002, TX
How long does it take to sell a home in 77002, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 16 Days | -39.9% |
Summary: Homes in 77002 had an average of 16 days on market in May 2024, down by 39.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in 77002; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.