Is 77008, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 77008 has remained a Seller's Market.
Housing Prices in 77008, TX
How much do homes in 77008, TX cost?
Median Sold Price
$601,973
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77008 was $601,973 in April 2024, up 6.5% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $344K | $412.5K | +19.9% |
2 Bedrooms | $471.5K | $511K | +8.4% |
3 Bedrooms | $535K | $573.3K | +7.2% |
4 Bedrooms | $843.7K | $996.2K | +18.1% |
5+ Bedrooms | $1.5M | $1.3M | -8.3% |
Summary: 77008 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.9%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes decreased by 8.3%.
Housing Supply in 77008, TX
How many homes are available in 77008, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
307 | 369 | +20.2% |
Summary: The 77008 real estate market had 369 homes for sale in April 2024, a 20.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 33 | 43 | +30.3% |
3 Bedrooms | 202 | 241 | +19.3% |
4 Bedrooms | 54 | 65 | +20.4% |
5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The 77008 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.3%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
79 | 78 | -1.3% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in 77008 in April 2024, down by 1.3% month-over-month. Of the 78 sold homes, 68% were sold under asking, 17% were sold at asking, and 15% were sold over asking.
Days on Market for 77008, TX
How long does it take to sell a home in 77008, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 26 Days | +10.9% |
Summary: Homes in 77008 had an average of 26 days on market in Apr 2024, up by 10.9% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 78 homes were sold in 77008; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.