$4,738 Closing Credit*
$399,000
3,132 SqFt
6 Beds
•3 Full Baths, 1 Partial
Derrick Love, Listing Office: Investment Scouts Realty
Is 77031, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 77031 was a Seller's Market.
Key Takeaway
77031 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 77031, TX
How much do homes in 77031, TX cost?
Median Sold Price
$278,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$28,000(+11.2%)
Key Takeaway
Homes in 77031 have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in 77031 was $278,000 in December 2024, up 11.2% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | - | N/A |
| 2 Bedrooms | $133.5K | $140K | +4.9% |
| 3 Bedrooms | $231.2K | $248K | +7.2% |
| 4 Bedrooms | $266.6K | $307.9K | +15.5% |
| 5+ Bedrooms | $360K | $318.6K | -11.5% |
Summary: 77031 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 11.5%.
Housing Supply in 77031, TX
How many homes are available in 77031, TX?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 32 | 26 | -18.8% |
Summary: The 77031 real estate market had 26 homes for sale in December 2024, a 18.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 17 | 11 | -35.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 77031 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 3 | -72.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77031, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 77031 in December 2024, down by 72.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 77031, TX
How long does it take to sell a home in 77031, TX?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 16 Days | 29 Days | +83.3% |
Summary: Homes in 77031 had an average of 29 days on market in Dec 2024, up by 83.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 77031 has remained consistent over time.
Summary: During December 2024, 3 homes were sold in 77031; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.