Is 77070, 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, 77070 has remained a Seller's Market.
Housing Prices in 77070, TX
How much do homes in 77070, TX cost?
Median Sold Price
$300,250
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77070 was $300,250 in May 2024, up 1.6% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $210K | -8.7% |
3 Bedrooms | $269K | $279K | +3.7% |
4 Bedrooms | $326K | $329.9K | +1.2% |
5+ Bedrooms | $422.4K | $372.5K | -11.8% |
Summary: 77070 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 11.8%.
Housing Supply in 77070, TX
How many homes are available in 77070, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
132 | 171 | +29.5% |
Summary: The 77070 real estate market had 171 homes for sale in May 2024, a 29.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 10 | +66.7% |
3 Bedrooms | 51 | 57 | +11.8% |
4 Bedrooms | 59 | 81 | +37.3% |
5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The 77070 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 37.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 35 | -20.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 77070 in May 2024, down by 20.5% month-over-month. Of the 35 sold homes, 63% were sold under asking, 14% were sold at asking, and 23% were sold over asking.
Days on Market for 77070, TX
How long does it take to sell a home in 77070, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 27 Days | +37.1% |
Summary: Homes in 77070 had an average of 27 days on market in May 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in 77070; 69% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.