Is 77006, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 77006 has remained a Seller's Market.
Housing Prices in 77006, TX
How much do homes in 77006, TX cost?
Median Sold Price
$559,333
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77006 was $559,333 in May 2024, down 2% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225.9K | $232K | +2.7% |
2 Bedrooms | $390K | $409.7K | +5.1% |
3 Bedrooms | $610K | $600K | -1.6% |
4 Bedrooms | $822K | $978.5K | +19.0% |
5+ Bedrooms | $1.1M | $1.3M | +15.2% |
Summary: 77006 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 15.2%.
Housing Supply in 77006, TX
How many homes are available in 77006, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
187 | 203 | +8.6% |
Summary: The 77006 real estate market had 203 homes for sale in May 2024, a 8.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 20 | +17.6% |
2 Bedrooms | 43 | 39 | -9.3% |
3 Bedrooms | 97 | 102 | +5.2% |
4 Bedrooms | 23 | 33 | +43.5% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 77006 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.6%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 51 | +18.6% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in 77006 in May 2024, up by 18.6% month-over-month. Of the 51 sold homes, 63% were sold under asking, 24% were sold at asking, and 14% were sold over asking.
Days on Market for 77006, TX
How long does it take to sell a home in 77006, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 54 Days | +25.8% |
Summary: Homes in 77006 had an average of 54 days on market in May 2024, up by 25.8% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 51 homes were sold in 77006; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.