Is 77009, 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, 77009 was a Seller's Market.
Housing Prices in 77009, TX
How much do homes in 77009, TX cost?
Median Sold Price
$466,875
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 77009 was $466,875 in May 2024, down 0.2% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $308K | +36.9% |
2 Bedrooms | $418K | $434.5K | +3.9% |
3 Bedrooms | $457.5K | $450K | -1.6% |
4 Bedrooms | $975K | $889.9K | -8.7% |
5+ Bedrooms | $1.3M | $1.1M | -10.3% |
Summary: 77009 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.9%, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 10.3%.
Housing Supply in 77009, TX
How many homes are available in 77009, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
329 | 395 | +20.1% |
Summary: The 77009 real estate market had 395 homes for sale in May 2024, a 20.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 82 | 92 | +12.2% |
3 Bedrooms | 167 | 213 | +27.5% |
4 Bedrooms | 55 | 59 | +7.3% |
5+ Bedrooms | 15 | 20 | +33.3% |
Summary: The 77009 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 52 | -3.7% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in 77009 in May 2024, down by 3.7% month-over-month. Of the 52 sold homes, 62% were sold under asking, 21% were sold at asking, and 17% were sold over asking.
Days on Market for 77009, TX
How long does it take to sell a home in 77009, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 32 Days | +42.4% |
Summary: Homes in 77009 had an average of 32 days on market in May 2024, up by 42.4% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 52 homes were sold in 77009; 73% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.