Is 77083, 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, 77083 has remained a Seller's Market.
Housing Prices in 77083, TX
How much do homes in 77083, TX cost?
Median Sold Price
$270,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77083 was $270,000 in May 2024, up 0.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | - | N/A |
2 Bedrooms | $184.5K | $189.7K | +2.8% |
3 Bedrooms | $254.3K | $255K | 0.2% |
4 Bedrooms | $292K | $302K | +3.4% |
5+ Bedrooms | $350K | $325K | -7.1% |
Summary: 77083 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 increased by 2.8%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in 77083, TX
How many homes are available in 77083, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
144 | 175 | +21.5% |
Summary: The 77083 real estate market had 175 homes for sale in May 2024, a 21.5% 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 | 3 | 2 | -33.3% |
3 Bedrooms | 72 | 89 | +23.6% |
4 Bedrooms | 60 | 70 | +16.7% |
5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The 77083 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 33.3%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 36 | +2.9% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 77083 in May 2024, up by 2.9% month-over-month. Of the 36 sold homes, 69% were sold under asking, 22% were sold at asking, and 8% were sold over asking.
Days on Market for 77083, TX
How long does it take to sell a home in 77083, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 40 Days | +54.2% |
Summary: Homes in 77083 had an average of 40 days on market in May 2024, up by 54.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in 77083; 58% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.