Is 77015, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77015 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 77015 was a Seller's Market.

Key Takeaway

77015 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 77015, TX

How much do homes in 77015, TX cost?

Median Sold Price

$220,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,500(+3.5%)

Key Takeaway

Homes in 77015 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 77015 was $220,000 in October 2024, up 3.5% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $69.5K$214.7K
+209.0%
2 $107.5K$168.9K
+57.2%
3 $209K$212.5K
+1.7%
4 $240K$254K
+5.8%
5+ $276.2K$255K
-7.7%

Summary: 77015 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 209%, 2 bedroom homes increased by 57.2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 7.7%.

Median Sold Price Compared To Nearby Zip Codes

77530
+5.7%
77503
+5.0%
77015
+3.5%
77506
0.0%

Housing Supply in 77015, TX

How many homes are available in 77015, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
118125+5.9%

Summary: The 77015 real estate market had 125 homes for sale in October 2024, a 5.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 910
+11.1%
2 1010
0.0%
3 5356
+5.7%
4 4040
0.0%
5+ 69
+50.0%

Summary: The 77015 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2317-26.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77015, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 77015 in October 2024, down by 26.1% month-over-month. Of the 17 sold homes, 65% were sold under asking, 24% were sold at asking, and 12% were sold over asking.

Days on Market for 77015, TX

How long does it take to sell a home in 77015, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days44 Days-8.4%

Summary: Homes in 77015 had an average of 44 days on market in Oct 2024, down by 8.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77015 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 77015; 71% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 18% 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 20 Days Ago

Newest Listings in 77015, TX

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