Is 77018, 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, 77018 has remained a Seller's Market.
Key Takeaway
77018 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 77018, TX
How much do homes in 77018, TX cost?
Median Sold Price
$573,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 77018 have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in 77018 was $573,000 in May 2024, up 12.3% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $369K | $435K | +17.9% |
| 2 Bedrooms | $389K | $440.5K | +13.2% |
| 3 Bedrooms | $467K | $479.9K | +2.8% |
| 4 Bedrooms | $931.7K | $1.0M | +13.2% |
| 5+ Bedrooms | $1.0M | $1.3M | +32.8% |
Summary: 77018 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 32.8%.
Housing Supply in 77018, TX
How many homes are available in 77018, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 284 | 317 | +11.6% |
Summary: The 77018 real estate market had 317 homes for sale in May 2024, a 11.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 29 | +11.5% |
| 3 Bedrooms | 152 | 158 | +3.9% |
| 4 Bedrooms | 74 | 92 | +24.3% |
| 5+ Bedrooms | 31 | 37 | +19.4% |
Summary: The 77018 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes increased by 19.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 66 | 71 | +7.6% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77018, you may be able to get a good deal. 47.9% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in 77018 in May 2024, up by 7.6% month-over-month. Of the 71 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% were sold over asking.
Days on Market for 77018, TX
How long does it take to sell a home in 77018, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 30 Days | +23.0% |
Summary: Homes in 77018 had an average of 30 days on market in May 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77018 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 71 homes were sold in 77018; 61% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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