Is 77055, 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, 77055 has remained a Seller's Market.
Housing Prices in 77055, TX
How much do homes in 77055, TX cost?
Median Sold Price
$700,333
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77055 was $700,333 in May 2024, up 17.1% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97.7K | $98.2K | 0.5% |
2 Bedrooms | $217K | $293K | +35.0% |
3 Bedrooms | $469.9K | $487.5K | +3.7% |
4 Bedrooms | $939.5K | $989.5K | +5.3% |
5+ Bedrooms | $1.4M | $1.5M | +5.4% |
Summary: 77055 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in 77055, TX
How many homes are available in 77055, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
195 | 216 | +10.8% |
Summary: The 77055 real estate market had 216 homes for sale in May 2024, a 10.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 14 | 18 | +28.6% |
3 Bedrooms | 88 | 102 | +15.9% |
4 Bedrooms | 57 | 60 | +5.3% |
5+ Bedrooms | 31 | 31 | 0.0% |
Summary: The 77055 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 28.6%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 39 | -11.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 77055 in May 2024, down by 11.4% month-over-month. Of the 39 sold homes, 59% were sold under asking, 23% were sold at asking, and 18% were sold over asking.
Days on Market for 77055, TX
How long does it take to sell a home in 77055, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 26 Days | -30.6% |
Summary: Homes in 77055 had an average of 26 days on market in May 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 39 homes were sold in 77055; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.