$224,900
8.00 Acres
Land
Chad Andrus, Listing Office: Keller Williams Platinum
Is 77514, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 77514 was a Buyer's Market.
Key Takeaway
77514 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 77514, TX
How much do homes in 77514, TX cost?
Median Sold Price
$282,975
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,025(+15.5%)
Key Takeaway
Homes in 77514 have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in 77514 was $282,975 in October 2024, up 15.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.4K | - | N/A |
| 2 Bedrooms | $152.5K | $101.5K | -33.4% |
| 3 Bedrooms | $234.9K | $251.9K | +7.2% |
| 4 Bedrooms | $328.6K | $290.5K | -11.6% |
| 5+ Bedrooms | $700K | $354.4K | -49.4% |
Summary: 77514 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.4%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes decreased by 49.4%.
Median Sold Price Compared To Nearby Zip Codes
| 77617 | $344.5K | $462.5K | +34.3% |
| 77514 | $244.9K | $282.9K | +15.5% |
Housing Supply in 77514, TX
How many homes are available in 77514, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 57 | +18.8% |
Summary: The 77514 real estate market had 57 homes for sale in October 2024, a 18.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 19 | 25 | +31.6% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 77514 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 77514, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 77514 in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% were sold over asking.
Days on Market for 77514, TX
How long does it take to sell a home in 77514, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 73 Days | +67.5% |
Summary: Homes in 77514 had an average of 73 days on market in Oct 2024, up by 67.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 77514 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 10 homes were sold in 77514; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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