Is 77037, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 77037 was a Buyer's Market.
Housing Prices in 77037, TX
How much do homes in 77037, TX cost?
Median Sold Price
$200,000
$124/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in 77037 was $200,000 in May 2024, down 16.7% from last month, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $700K | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $230.5K | $172.5K | -25.2% |
4 Bedrooms | $240K | $209K | -12.9% |
5+ Bedrooms | - | $255K | N/A |
Summary: 77037 housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 25.2%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
77076 | $210K | $236K | +12.4% |
77037 | $240K | $200K | -16.7% |
Housing Supply in 77037, TX
How many homes are available in 77037, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 29 | +16.0% |
Summary: The 77037 real estate market had 29 homes for sale in May 2024, a 16.0% 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 | 0 | 2 | +100.0% |
3 Bedrooms | 16 | 17 | +6.3% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 77037 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 100%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 9 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 77037 in May 2024, up by 200.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 77037, TX
How long does it take to sell a home in 77037, TX?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 Days | 44 Days | +15.1% |
Summary: Homes in 77037 had an average of 44 days on market in May 2024, up by 15.1% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in 77037; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.