Is 77003, 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, 77003 was a Seller's Market.
Key Takeaway
77003 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 77003, TX
How much do homes in 77003, TX cost?
Median Sold Price
$415,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 77003 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 77003 was $415,000 in May 2024, up 2.5% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $257.5K | +28.7% |
| 2 Bedrooms | $325K | $331K | +1.8% |
| 3 Bedrooms | $419K | $449K | +7.2% |
| 4 Bedrooms | $502K | $522K | +4.0% |
| 5+ Bedrooms | $495K | $937.5K | +89.4% |
Summary: 77003 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.7%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 89.4%.
Housing Supply in 77003, TX
How many homes are available in 77003, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 101 | 124 | +22.8% |
Summary: The 77003 real estate market had 124 homes for sale in May 2024, a 22.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 28 | 30 | +7.1% |
| 3 Bedrooms | 65 | 84 | +29.2% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 77003 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77003, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 77003 in May 2024, up by 46.2% month-over-month. Of the 19 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% were sold over asking.
Days on Market for 77003, TX
How long does it take to sell a home in 77003, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 29 Days | -7.1% |
Summary: Homes in 77003 had an average of 29 days on market in May 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77003 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in 77003; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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