Is 77009, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 77009 was a Seller's Market.
Housing Prices in 77009, TX
How much do homes in 77009, TX cost?
Median Sold Price
$465,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 77009 was $465,000 in April 2024, down 1.1% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $290.5K | +38.3% |
2 Bedrooms | $432K | $397.7K | -7.9% |
3 Bedrooms | $459.9K | $460K | 0.0% |
4 Bedrooms | $948.7K | $893.5K | -5.8% |
5+ Bedrooms | $1.2M | $1.1M | -6.0% |
Summary: 77009 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.3%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 6%.
Housing Supply in 77009, TX
How many homes are available in 77009, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
304 | 377 | +24.0% |
Summary: The 77009 real estate market had 377 homes for sale in April 2024, a 24.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 12 | 0.0% |
2 Bedrooms | 71 | 91 | +28.2% |
3 Bedrooms | 160 | 199 | +24.4% |
4 Bedrooms | 48 | 57 | +18.8% |
5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The 77009 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 28.2%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 53 | +6.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in 77009 in April 2024, up by 6.0% month-over-month. Of the 53 sold homes, 51% were sold under asking, 28% were sold at asking, and 21% were sold over asking.
Days on Market for 77009, TX
How long does it take to sell a home in 77009, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 39 Days | +2.7% |
Summary: Homes in 77009 had an average of 39 days on market in Apr 2024, up by 2.7% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 53 homes were sold in 77009; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.