Is 77008, 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, 77008 has remained a Seller's Market.
Housing Prices in 77008, TX
How much do homes in 77008, TX cost?
Median Sold Price
$601,057
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77008 was $601,057 in May 2024, up 5.7% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $625K | +190.7% |
2 Bedrooms | $475K | $500K | +5.3% |
3 Bedrooms | $540K | $574.8K | +6.5% |
4 Bedrooms | $849.9K | $997.5K | +17.4% |
5+ Bedrooms | $1.3M | $1.4M | +1.5% |
Summary: 77008 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 190.7%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 77008, TX
How many homes are available in 77008, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
322 | 361 | +12.1% |
Summary: The 77008 real estate market had 361 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 39 | 38 | -2.6% |
3 Bedrooms | 204 | 239 | +17.2% |
4 Bedrooms | 60 | 66 | +10.0% |
5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The 77008 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 80 | +1.3% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in 77008 in May 2024, up by 1.3% month-over-month. Of the 80 sold homes, 57% were sold under asking, 18% were sold at asking, and 25% were sold over asking.
Days on Market for 77008, TX
How long does it take to sell a home in 77008, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 19 Days | -23.3% |
Summary: Homes in 77008 had an average of 19 days on market in May 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 80 homes were sold in 77008; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.