Is 77022, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 77022 was a Neutral Market.
Housing Prices in 77022, TX
How much do homes in 77022, TX cost?
Median Sold Price
$299,450
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77022 was $299,450 in May 2024, up 5.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $162.5K | -27.8% |
2 Bedrooms | $169.5K | $213.5K | +26.0% |
3 Bedrooms | $304.9K | $300K | -1.6% |
4 Bedrooms | $285K | $309.9K | +8.8% |
5+ Bedrooms | $340K | $970K | +185.3% |
Summary: 77022 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.8%, 2 bedroom homes increased by 26%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 185.3%.
Housing Supply in 77022, TX
How many homes are available in 77022, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
154 | 174 | +13.0% |
Summary: The 77022 real estate market had 174 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 28 | 33 | +17.9% |
3 Bedrooms | 104 | 118 | +13.5% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 77022 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 17.9%, 3 bedroom homes increased by 13.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 77022 in May 2024, up by 25.0% month-over-month. Of the 20 sold homes, 55% were sold under asking, 30% were sold at asking, and 15% were sold over asking.
Days on Market for 77022, TX
How long does it take to sell a home in 77022, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 47 Days | +51.8% |
Summary: Homes in 77022 had an average of 47 days on market in May 2024, up by 51.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in 77022; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.