77024, TX Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Is now a good time to sell a house in Texas? ›

Best Months to Sell a House

From May through September, Texas experiences a surge in real estate activity, making it an ideal period for sellers looking for a quick sale. The summer months, despite the heat, attract a large number of buyers, leading to shorter listing periods.

Seasonal Trends

May and June are considered favorable months to sell in Texas, including Houston, while November through February are the hardest months to sell a house. Understanding seasonal trends can help you optimize the timing of your home sale.

Overall, the Houston real estate market is a great choice for homebuyers and real estate investors. With its affordability, strong job market, growing population, diverse housing stock, strong economy, and high quality of life, Houston has a lot to offer. Oksana Bogott is a real estate agent based in Houston, TX.

Even though Texas is a non-disclosure state, you can find the prices a home sold for using the HAR Platinum App. Whether you're buying a home and want to see what homes sold for, or getting ready to list your home and curious what your neighbor's house sold for recently.

Here's how each month of the year ranked for the best time to sell a house. The highest-earning months are, in ranking order, May, June, April and March. Just over 18 million purchase transactions took place during this period, according to ATTOM.

Typically, winter time is the slowest of the year to sell a property, specifically November, December, and January. However, there are some exceptions because there are several conditions that affect the housing market.

Listing your property on a Thursday can help sell a home fast as well as for the best price, the Zillow study found. This time frame gives sellers enough time to have multiple showings over the weekend — and, hopefully, an offer or two by Monday.

Big Spring, TX – Forecasted to decrease by 2.6 percent by August 2024 and 9.1 percent by May 2025. Lamesa, TX – Anticipated to see home prices fall by 1.2 percent by August 2024 and 8.7 percent by May 2025.

By the numbers: Single-family home sales in Houston for all of 2023 totaled 83,854, down 12% from 2022. The single-family average sales price remained steady at around $412,000, while the median cost dropped 2.5% to $330,000, per the HAR report.

What is the safest place to live in Houston TX? ›

River Oaks

With a median home price of $3,207,507 and a median rent of $1,697, River Oaks is the most expensive neighborhood on our list. Based on the growth in home prices in River Oaks over the last 3 years, it ranks No. 1 among all the neighborhoods in Houston.

Who pays closing costs in Texas? Buyers and sellers both have closing costs to cover in Texas (as is the case in all states). Sellers absorb the bulk of the costs in most cases, including covering the commissions for both real estate agents involved in the sale.

More construction. Another reason Texas and Florida are currently considered buyers' markets is an increase in new construction. “Strong construction in many of these markets has helped restore inventory levels,” according to Zillow.

In Texas, there is no state capital gains tax, which means you will only be required to remit capital gains taxes to the federal government. The long-term capital gains tax rates are 0%, 15%, and 20%, depending on your income and the type of asset.

What is the housing market like right now? In June 2024, home prices in Texas were down 1.1% compared to last year, selling for a median price. On average, the number of homes sold was down 14.4% year over year and there were 28,403 homes sold in June this year, down 33,175 homes sold in June last year.

Texans have survived the shockwaves of skyrocketing mortgage rates and rising home prices of 2023. Here's what we predict for Texas's housing market: Home Sellers Will Return to the Market in 2024: Sellers who chose the sidelines in 2023 will come back.

In Texas, it takes an average of 81 days to sell a house. That's 2.5% slower than than the national average of 79 days. On average, homes in Texas sit on the market for 46 days, and it typically takes 35 days to close once an offer has been accepted.