Is 77003, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77003 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 77003 was a Seller's Market.

Key Takeaway

77003 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77003, TX

How much do homes in 77003, TX cost?

Median Sold Price

$417,500

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,500(+1.8%)

Key Takeaway

Homes in 77003 have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in 77003 was $417,500 in November 2024, up 1.8% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $240K$244.5K
+1.9%
2 $332K$330K
-0.6%
3 $420K$462.1K
+10.0%
4 $575K$430K
-25.2%
5+ $495K$937.5K
+89.4%

Summary: 77003 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 25.2%, and 5+ bedroom homes increased by 89.4%.

Median Sold Price Compared To Nearby Zip Codes

77002
+6.5%
77003
+1.8%
77004
-1.9%
77020
-5.2%

Housing Supply in 77003, TX

How many homes are available in 77003, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
112130+16.1%

Summary: The 77003 real estate market had 130 homes for sale in November 2024, a 16.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 98
-11.1%
2 2635
+34.6%
3 7380
+9.6%
4 47
+75.0%
5+ 00
0.0%

Summary: The 77003 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 34.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1812-33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77003, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 77003 in November 2024, down by 33.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% were sold over asking.

Days on Market for 77003, TX

How long does it take to sell a home in 77003, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
50 Days42 Days-15.9%

Summary: Homes in 77003 had an average of 42 days on market in Nov 2024, down by 15.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77003 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in 77003; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in 77003, TX

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