Is 77027, 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, 77027 was a Seller's Market.
Housing Prices in 77027, TX
How much do homes in 77027, TX cost?
Median Sold Price
$722,500
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77027 was $722,500 in May 2024, down 2.6% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $135K | +8.0% |
2 Bedrooms | $300K | $332.4K | +10.8% |
3 Bedrooms | $780K | $800K | +2.6% |
4 Bedrooms | $1.5M | $1.7M | +16.8% |
5+ Bedrooms | $2.3M | $2.9M | +23.4% |
Summary: 77027 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 23.4%.
Housing Supply in 77027, TX
How many homes are available in 77027, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
132 | 153 | +15.9% |
Summary: The 77027 real estate market had 153 homes for sale in May 2024, a 15.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 12 | +33.3% |
2 Bedrooms | 40 | 50 | +25.0% |
3 Bedrooms | 45 | 44 | -2.2% |
4 Bedrooms | 23 | 26 | +13.0% |
5+ Bedrooms | 15 | 21 | +40.0% |
Summary: The 77027 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 21 | -4.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 77027 in May 2024, down by 4.5% month-over-month. Of the 21 sold homes, 81% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for 77027, TX
How long does it take to sell a home in 77027, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 41 Days | +45.4% |
Summary: Homes in 77027 had an average of 41 days on market in May 2024, up by 45.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in 77027; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.