Is 77302, 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, 77302 has remained a Seller's Market.
Key Takeaway
77302 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 77302, TX
How much do homes in 77302, TX cost?
Median Sold Price
$355,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 77302 have sold for 6.6% less than they did a year ago.
Summary: The median home sold price in 77302 was $355,000 in May 2024, down 6.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $185K | -45.6% |
| 2 Bedrooms | $271.6K | $250K | -8.0% |
| 3 Bedrooms | $315K | $285K | -9.5% |
| 4 Bedrooms | $413K | $405K | -2.0% |
| 5+ Bedrooms | $470.7K | $556.6K | +18.2% |
Summary: 77302 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.6%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 18.2%.
Housing Supply in 77302, TX
How many homes are available in 77302, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 277 | 320 | +15.5% |
Summary: The 77302 real estate market had 320 homes for sale in May 2024, a 15.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 100 | 119 | +19.0% |
| 4 Bedrooms | 147 | 173 | +17.7% |
| 5+ Bedrooms | 25 | 24 | -4.0% |
Summary: The 77302 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 decreased by 20%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes decreased by 4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 54 | +17.4% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77302, you may be able to get a good deal. 64.8% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in 77302 in May 2024, up by 17.4% month-over-month. Of the 54 sold homes, 65% were sold under asking, 20% were sold at asking, and 15% were sold over asking.
Days on Market for 77302, TX
How long does it take to sell a home in 77302, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 69 Days | +19.5% |
Summary: Homes in 77302 had an average of 69 days on market in May 2024, up by 19.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 77302 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 54 homes were sold in 77302; 37% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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