Is 77007, 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, 77007 has remained a Seller's Market.
Housing Prices in 77007, TX
How much do homes in 77007, TX cost?
Median Sold Price
$534,119
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77007 was $534,119 in May 2024, up 3.7% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220.7K | $221K | 0.1% |
2 Bedrooms | $381.5K | $403.7K | +5.8% |
3 Bedrooms | $515.3K | $533.3K | +3.5% |
4 Bedrooms | $977.5K | $865K | -11.5% |
5+ Bedrooms | $1.3M | $1.4M | +9.4% |
Summary: 77007 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 9.4%.
Housing Supply in 77007, TX
How many homes are available in 77007, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
311 | 360 | +15.8% |
Summary: The 77007 real estate market had 360 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 53 | 54 | +1.9% |
3 Bedrooms | 206 | 243 | +18.0% |
4 Bedrooms | 36 | 47 | +30.6% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 77007 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 70 | -9.1% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in 77007 in May 2024, down by 9.1% month-over-month. Of the 70 sold homes, 53% were sold under asking, 24% were sold at asking, and 23% were sold over asking.
Days on Market for 77007, TX
How long does it take to sell a home in 77007, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 29 Days | -4.3% |
Summary: Homes in 77007 had an average of 29 days on market in May 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 70 homes were sold in 77007; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.