Is 77098, 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, 77098 was a Seller's Market.
Housing Prices in 77098, TX
How much do homes in 77098, TX cost?
Median Sold Price
$735,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77098 was $735,000 in May 2024, up 5.2% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $246.5K | $215K | -12.8% |
2 Bedrooms | $475K | $635K | +33.7% |
3 Bedrooms | $704K | $834K | +18.5% |
4 Bedrooms | $1.2M | $1.0M | -14.9% |
5+ Bedrooms | $1.7M | $1.6M | -4.1% |
Summary: 77098 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.8%, 2 bedroom homes increased by 33.7%, 3 bedroom homes increased by 18.5%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in 77098, TX
How many homes are available in 77098, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 92 | +21.1% |
Summary: The 77098 real estate market had 92 homes for sale in May 2024, a 21.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 29 | 20 | -31.0% |
3 Bedrooms | 23 | 33 | +43.5% |
4 Bedrooms | 17 | 28 | +64.7% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 77098 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 31%, 3 bedroom homes increased by 43.5%, 4 bedroom homes increased by 64.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 12 | -40.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 77098 in May 2024, down by 40.0% month-over-month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for 77098, TX
How long does it take to sell a home in 77098, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 39 Days | -29.0% |
Summary: Homes in 77098 had an average of 39 days on market in May 2024, down by 29% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in 77098; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.